Stepan increases dividend for 52nd year

Stepan Co (SCL) will raise its dividend by exactly ten percent to 27.5 cents per share in 2019, marking the 52nd consecutive year of dividend increases.


Surfactants maker Stepan Company will increase its quarterly dividend to $0.275 per share. At a current stock price of $95.68 SCL only yields 1.0% with the stock being up 29.3 percent YTD.

The dividend of $0.275 per share is payable on December 13, 2019, to common stockholders of record on November 29, 2019. The increase marks the 52nd consecutive year in which the quarterly dividend rate on the Company's common stock has increased.

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Stepan Company is a major manufacturer of specialty and intermediate chemicals used in a broad range of industries.  Stepan is a leading merchant producer of surfactants, which are the key ingredients in consumer and industrial cleaning compounds and in agricultural and oilfield solutions.  The Company is also a leading supplier of polyurethane polyols used in the expanding thermal insulation market, and CASE (Coatings, Adhesives, Sealants, and Elastomers) industries.

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