Tuesday marks the last chance for investors to receive the next dividend payout from Steelcase (NYSE:SCS).
What's Happening
The company announced on Wednesday that it would pay shareholders a quarterly dividend of 14.499999999999998 cents per share. On Wednesday, Steelcase will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 14.499999999999998 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own SCS as of the end of Tuesday's session are eligible to receive the 14.499999999999998 cents dividend payout for every share that they own.
According to the company, this dividend will be paid out to shareholders on July 18, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.
Click here to find details on Steelcase's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
