Steelcase: Dividend Insights
Portfolio Pulse from Benzinga Insights
Steelcase (NYSE:SCS) has announced a quarterly dividend of 10 cents per share, which will be paid out to shareholders on July 17, 2023. The stock will go ex-dividend on Wednesday, meaning it will likely open 10 cents lower. Shareholders who own SCS as of the end of Tuesday's session are eligible to receive the dividend.
June 30, 2023 | 2:45 pm
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Steelcase's announcement of a 10 cents per share dividend may cause the stock to open lower on Wednesday. However, this is a regular part of the dividend process and not necessarily a negative indicator.
When a company announces a dividend, the stock price typically adjusts down on the ex-dividend date by the amount of the dividend. This is a standard part of the dividend process and does not necessarily indicate a problem with the company or the stock. Investors who own the stock before the ex-dividend date are eligible for the dividend, which can be a positive incentive for holding the stock.
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