Steelcase (SCS) will raise its quarterly dividend by 7.1 percent to $0.1125 per share in 2015. This follows a 5.0 percent dividend increase by the furniture company last year.

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 complementary products such as worktools. Seating products include task chairs and the company's technology solutions support group collaboration by integrating furniture and technology. The interior architectural products include full and partial height walls and architectural pods. The company’s brands include Steelcase, Coalesse, Designtex, PolyVision, Smith System, Orangebox, AMQ and Turnstone. Steelcase was founded in 1912 and has paid a dividend every year since it became a public company in 1998.