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.

HERE ARE THE HIGHEST YIELDING DIVIDEND ARISTOCRATS

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.

Popular posts from this blog

Two dividend growth monsters that nobody knows about (yet)!

-
Image
The Dividend Freak highlights two amazing dividend growers In the new Dividend Freak video two great dividend growth stocks are highlighted: Fastenal and Penske Automotive. Not many people know that these companies have a strong track record and increase the dividend by double digits annually. We also look at the almost 20 dividend hikes in the second and third week of January 2024, including several Aristocrats and two monthly dividend payers.
Read more