Steelcase Inc. (NYSE:SCS) will begin trading ex-dividend on December 24, 2020. The quarterly dividend payment of $ 0.10 per share is scheduled to be paid on January 11, 2021. The dividend yield based on the latest trading day closing price was 3.18 percent. Shareholders who purchased SCS shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Steelcase Inc. recently reported third quarter financial results on December 17, 2020, after market close, manufacturer of integrated portfolio of furniture settings communicated income for the third quarter of $ 0.08 per share, from the revenue of $ 617.50 million. The quarterly earnings lowered 82.61 percent while revenues down 35.35 percent compared with the same quarter last year.
Wall street analysts are predicting, SCS to report 3Q21 income of $ 0.03 per share from revenue of $ 628.80 million. The bottom line results beat street analysts by $ 0.05 or 166.67 percent, at the same time, top line results fell short of analysts by $ 11.3 million or 1.8 percent.
Stock Performance
Shares of Steelcase Inc. traded up $ 0.12 or 0.96 percent on Tuesday, reaching $ 12.59 with volume of 1.07 million shares. Steelcase Inc. has traded high as $ 12.86 and has cracked $ 12.33 on the downward trend
According to the previous trading day, closing price of $ 12.59, representing a 77.64 % increase from the 52 week low of $ 7.02 and a 41.7 % decrease over the 52 week high of $ 21.39.
The company has a market capital of $ 1.45 billion and is part of the Industrials sector and Business Equipment industry.
Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products. It operates through Americas, EMEA, and Other Category segments.
