How To Earn $500 A Month From Steelcase After Strong Q2 Results
Portfolio Pulse from Lisa Levin
Steelcase Inc. (NYSE:SCS) reported better-than-expected Q2 results with earnings of 31 cents per share, beating market estimates of 20 cents per share. The company's sales were $854.60 million, surpassing expectations of $828.82 million. Steelcase also projected FY24 earnings of 80 to 90 cents per share, higher than market estimates of 67 cents per share. The company offers an annual dividend yield of 4.58%, which is a quarterly dividend amount of $0.10 a share ($0.40 a year).
September 20, 2023 | 12:54 pm
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Steelcase Inc. reported strong Q2 results and projected higher FY24 earnings, which could boost investor confidence. The company's attractive dividend yield could also appeal to income-focused investors.
Strong earnings results and higher future earnings projections typically have a positive impact on a company's stock as they indicate good financial health and future growth. Additionally, a high dividend yield can make the stock attractive to investors seeking regular income, potentially driving up demand for the stock.
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IMPORTANCE 80
RELEVANCE 100