E Daily Stock Pick: Steelcase Inc.

A portfolio of stocks I've been building since September 3 is named Volio. It will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the first of five industrials sector stocks striving to join my Volio folio. This could be the nineteenth pick for Volio!

That industrials sector includes twenty-three industries all related to designing, fabricating and servicing stuff we want and use. The industrials industries range from aerospace and defense to waste management with all the transportation, business services, and equipment required in between.

My subject today is a mid-cap business equipment and supples company named, Steelcase Inc. Their trading ticker symbol is SCS.  I last reported about  SCS on March 11, 2019 and again on August 19. 2019 doe my Ivy portfolio.

Steelcase Inc is a furniture company primarily based in the United States and has operations in Europe, the Middle East, and Africa. Steelcase markets its products primarily through a network of independent and company-owned dealers. The company operates through the Americas segment, the EMEA segment and the Other category. The Americas segment offers architecture, furniture and technology products is marketed to corporate, government, healthcare, education and retail customers, EMEA segment provides furniture systems, storage and seating solutions.

The company was founded in 1912 and is headquartered in Grand Rapids, Michigan.

I use three key data points to gauge dividend paying equities or funds like Steelcase Inc (SCS):

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys  will finally unlock an equity or fund in which to invest, or not.

Those three basic keys, however, best tell whether a company has made, is making, and will make money.

SCS Price

Steelcase's price per share closed at $20.29 Friday. A year ago its price was $15.58. So, in the past year, its price improved by $5.29, or just about 34%.

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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

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