Ex-Div Reminder For Steelcase (SCS)

Looking at the universe of stocks we cover at Dividend Channel, on 9/26/13, Steelcase, Inc. ( SCS) will trade ex-dividend, for its quarterly dividend of $0.10, payable on 10/11/13. As a percentage of SCS's recent stock price of $16.29, this dividend works out to approximately 0.61%, so look for shares of Steelcase, Inc. to trade 0.61% lower — all else being equal — when SCS shares open for trading on 9/26/13.

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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 2.46% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of SCS shares, versus its 200 day moving average:

Steelcase, Inc. 200 Day Moving Average Chart

Looking at the chart above, SCS's low point in its 52 week range is $9.17 per share, with $16.38 as the 52 week high point — that compares with a last trade of $16.27.

In Tuesday trading, Steelcase, Inc. shares are currently down about 0.1% on the day.
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