GRAND RAPIDS, Michigan - December 18, 1998 - The Board of Directors of Steelcase Inc. (NYSE: SCS) declared a quarterly cash dividend of $0.11 per common share, payable January 15, 1999 to shareholders of record on January 1, 1999.
Steelcase Inc., headquartered in Grand Rapids, Michigan and founded in 1912, is the world's largest designer and manufacturer of products used to create high performance work environments. The Company portfolio includes office furniture, furniture systems, interior architectural products, and related products and services. Fiscal 1998 worldwide sales, including those of unconsolidated joint ventures were $3.26 billion. Steelcase completed an initial public offering and its common shares began trading on the New York Stock Exchange on February 18, 1998. Additional information about Steelcase and its global operations can be found on the World Wide Web at www.steelcase.com.