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Stock impact report

Steelcase Inc. (NYSE:SCS) Is About To Go Ex-Dividend, And It Pays A 3.1% Yield [Yahoo! Finance]

Steelcase Inc. (SCS) 
Last steelcase inc. earnings: 3/24 04:29 pm Check Earnings Report
US:NYSE Investor Relations: steelcase.com/investor-relations
Company Research Source: Yahoo! Finance
the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Therefore, if you purchase Steelcase's shares on or after the 2nd of April, you won't be eligible to receive the dividend, when it is paid on the 15th of April. The company's upcoming dividend is US$0.10 a share, following on from the last 12 months, when the company distributed a total of US$0.40 per share to shareholders. Calculating the last year's worth of payments shows that Steelcase has a trailing yield of 3.1% on the current share price of US$12.87. If you buy this business for its dividend, you should have an idea of whether Steelcase's dividend is reliable and sustainable. We need to see whether the dividend is covered by earnings and if it's growing. Check out our latest analysis for Steelcas Show less Read more
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