Steelcase Incorporated (NYSE:SCS) announced its quarterly dividend of 9 cents per share, an increase of about 50% over its prior dividend in December of 6 cents. The dividend will be payable on April 11, 2012, to stockholders of record on April 2, 2012. The annual yield on the dividend is 3.9 percent.
Shares are lower by about 1.5 percent.
In other dividend news, Accenture (NYSE:ACN) maintained a dividend of 67.5 cents per share. JC Penney Company Incorporated (NYSE:JCP) maintained its quarterly dividend of 20 cents per share. Darden Restaurants Incorporated (NYSE:DRI) maintained its quarterly dividend of 43 cents per share.
Among dividend increases, International Bancshares Corporation (NASDAQ:IBOC) announced a dividend of 20 cents per share, an increase of about 5% over its prior dividend in September of 19 cents.
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