The ex-dividend date for Steelcase (NYSE:SCS) is tomorrow, September 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $6.43 as of 10 a.m., the dividend yield is 4%.
NEW YORK ( TheStreet) -- The ex-dividend date for Steelcase (NYSE: SCS) is tomorrow, September 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $6.43 as of 10 a.m. ET, the dividend yield is 4%. The average volume for Steelcase has been one million shares per day over the past 30 days. Steelcase has a market cap of $528.5 million and is part of the consumer goods sector and consumer durables industry. Shares are down 40.4% year to date as of the close of trading on Tuesday. Steelcase Inc. designs, manufactures, and distributes 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 16.9, above the average consumer durables industry P/E ratio of 16.4 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Steelcase as a 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 also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full Steelcase Ratings Report. See our dividend calendar or top-yielding stocks list.