Steelcase Stock To Go Ex-dividend Tomorrow (SCS)

NEW YORK ( TheStreet) -- The ex-dividend date for Steelcase (NYSE: SCS) is tomorrow, March 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $9.66 as of 9:34 a.m. ET, the dividend yield is 3.8%.

The average volume for Steelcase has been 748,500 shares per day over the past 30 days. Steelcase has a market cap of $722.7 million and is part of the consumer goods sector and consumer durables industry. Shares are up 30% 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 22.1, above the average consumer durables industry P/E ratio of 21.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Steelcase as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Steelcase Ratings Report.

See our dividend calendar or top-yielding stocks list.
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