Steelcase (SCS) will raise its quarterly dividend by 5.9 percent to $0.135 per share in the first quarter of 2018. The new dividend yield for SCS is 4.0%.

The increased dividend is payable on April 13, 2018, to shareholders of record as of March 30, 2018. This marks the 8th consecutive year of dividend increases by the company.

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.