Steelcase Inc. (NYSE:SCS) expected to pay $0.12 on Oct 14, 2016

Steelcase Inc. (NYSE:SCS) is expected to pay $0.12 on Oct 14, 2016. The indicated annual dividend is $0.48. Shareholders owning the stock before Sep 30, 2016 will be eligible to receive the payout. Based on Steelcase Inc.’s current price of $14.15, the dividend is 0.85%. This dividend’s record date is Oct 4, 2016 and the announcement date is Sep 21, 2016. The stock increased 0.64% or $0.09 during the last trading session, hitting $14.15. Steelcase Inc. (NYSE:SCS) has risen 15.51% since February 25, 2016 and is uptrending. It has outperformed by 4.25% the S&P500.

Steelcase Inc. provides an integrated portfolio of furniture settings, user-centered technologies and interior architectural products. The company has a market cap of $1.65 billion. The Company’s divisions include Americas, EMEA and Other Category. It has a 10.22 P/E ratio. The Company’s furniture portfolio includes panel and freestanding furniture systems and complementary products, such as storage, tables and ergonomic worktools.

Insitutional Activity: The institutional sentiment decreased to 1.11 in 2016 Q2. Its down 0.17, from 1.28 in 2016Q1. The ratio fall, as 25 funds sold all Steelcase Inc. shares owned while 57 reduced positions. 22 funds bought stakes while 69 increased positions. They now own 73.99 million shares or 5.22% less from 78.06 million shares in 2016Q1.

Spitfire Capital Llc holds 3.93% of its portfolio in Steelcase Inc. for 621,993 shares. Skyline Asset Management Lp owns 1.72 million shares or 1.72% of their US portfolio. Moreover, Channing Capital Management Llc has 1.33% invested in the company for 2.34 million shares. The New York-based Dalton Greiner Hartman Maher & Co has invested 1.17% in the stock. Walthausen & Co. Llc, a New York-based fund reported 758,482 shares.

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