Steelcase's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Steelcase (NYSE:SCS) announced a quarterly dividend of 10 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday's session will be eligible for the dividend, which will be paid on January 16, 2024. The stock is expected to open 10 cents lower on the ex-dividend date to reflect the payout.
December 29, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Steelcase is expected to open lower by the amount of the dividend (10 cents) on the ex-dividend date, reflecting the payout. Shareholders as of Tuesday's close will receive the dividend on January 16, 2024.
The stock price is likely to drop by the dividend amount on the ex-dividend date as the dividend value is accounted for. This is a common occurrence and is typically priced into the stock. The importance is significant for dividend investors and those tracking short-term price movements.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100