Steelcase Stock To Go Ex-dividend Tomorrow (SCS)

NEW YORK (TheStreet) -- The ex-dividend date for Steelcase (NYSE:SCS) is tomorrow, March 30, 2011. Owners of shares as of market close today will be eligible for a dividend of six cents per share. At a price of $10.73 as of 9:30 a.m. ET, the dividend yield is 2.2%.

The average volume for Steelcase has been 918,300 shares per day over the past 30 days. Steelcase has a market cap of $934.8 million and is part of the consumer goods sector and consumer durables industry. Shares are up 2% year to date as of the close of trading on Monday.

Steelcase Inc., together with its subsidiaries, engages in the manufacture and sale of furniture systems and seating products, user-centered technologies, and interior architectural products primarily in North America, Europe, and Asia. The company has a P/E ratio of 71.9, equal to the average consumer durables industry P/E ratio and above the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates Steelcase as hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Steelcase Ratings Report.

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