Dividend Track Records (DTR)

On September 21, 2022, Steelcase (SCS) announced a big dividend cut of 31% to $0.10 per share quarterly. This comes after a 45 percent dividend hike to $0.145 per share in 2021. Steelcase also cut its dividend in 2020. The Board of Directors has declared a quarterly cash dividend of $0.10 per share, to be paid on or before October 17, 2022, to shareholders of record as of October 5, 2022. A new annual dividend rate of 40 cents per share will yield 5.5% at a stock price of $7.28. "Based on the recent order and return-to-office trends, we adjusted our dividend this quarter to strengthen our liquidity profile and support a higher allocation of capital to reinvestment in the business and pursuit of our longer-term strategy," said Dave Sylvester. Steelcase Inc. provides an integrated portfolio of furniture, architectural products and technology solutions. The company's furniture portfolio includes panel, fence and beam-based furniture systems, storage, fixed and height-adjusta...

Steelcase (SCS) will raise its quarterly dividend by 45 percent to $0.145 per share in 2021. Last year SCS last hiked its dividend by 42.9 percent to ten cents per share in the third quarter of 2020. This followed a dividend cut of 51.7 percent to $0.07 per share in the previous quarter because of the COVID-19 pandemic. Last year the furniture products maker had also raised its quarterly dividend to $0.145 per share, marking the 9th consecutive year of higher dividends. The dividend cut ended this record. The next dividend of $0.145 per share will be paid on or before July 20, 2021, to shareholders of record as of July 6, 2021. A new annual dividend rate of 58 cents per share will yield 3.8% at a stock price of $14.69. Steelcase Inc. provides an integrated portfolio of furniture, architectural products and technology solutions. The company's furniture portfolio includes panel, fence and beam-based furniture systems, storage, fixed and height-adjustable desks, benches and tables and...