Cash Dividend On The Way From Steelcase (SCS)

Looking at the universe of stocks we cover at Dividend Channel, on 4/4/13, Steelcase, Inc. (SCS) SCS will trade ex-dividend, for its quarterly dividend of $0.10, payable on 4/15/13. As a percentage of SCS's recent stock price of $13.37, this dividend works out to approximately 0.75%, so look for shares of Steelcase, Inc. to trade 0.75% lower — all else being equal — when SCS shares open for trading on 4/4/13.

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Below is a dividend history chart for SCS, showing historical dividends prior to the most recent $0.10 declared by Steelcase, Inc.:

SCS+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from SCS is likely to continue, and whether the current estimated yield of 2.99% on annualized basis is a reasonable expectation of annual yield going forward.

According to the ETF Finder at ETF Channel, SCS makes up 1.31% of the Dynamic Industrials Sector Portfolio ETF ( PRN) PRN which is trading up by about 0.2% on the day Wednesday.

In Wednesday trading, Steelcase, Inc. shares are currently up about 0.1% on the day.

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