Steelcase Stock To Go Ex-dividend Tomorrow (SCS)

NEW YORK ( TheStreet) -- The ex-dividend date for Steelcase (NYSE: SCS) is tomorrow, December 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 $7.42 as of 12:50 p.m. ET, the dividend yield is 3.3%.

The average volume for Steelcase has been 899,100 shares per day over the past 30 days. Steelcase has a market cap of $679.7 million and is part of the consumer goods sector and consumer durables industry. Shares are down 27.7% 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 18.6, below the average consumer durables industry P/E ratio of 21 and above the S&P 500 P/E ratio of 17.7.

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 a generally disappointing performance in the stock itself and poor profit margins. You can view the full Steelcase Ratings Report.

See our dividend calendar or top-yielding stocks list.

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