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Steelcase Inc. announces a $0.10 per share dividend, marking a slight increase despite past cuts.
Steelcase Inc. announced a quarterly dividend of $0.10 per share, payable on April 21st to shareholders on record as of April 7th.
Despite reducing dividends by 9.2% annually over three years, Steelcase's recent quarter showed a $0.26 EPS, beating estimates by $0.06, with a 1.7% revenue increase year-over-year.
The company has a payout ratio of 32.0%, ensuring dividends are sufficiently covered by earnings.
Steelcase's stock opened at $10.69, giving it a market cap of $1.22 billion and a P/E ratio of 11.14.
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Steelcase Inc. anuncia un dividendo de $0.10 por acción, marcando un ligero aumento a pesar de los recortes pasados.