Stepan Co. (SCL) Posts Q3 EPS of $1.80; Raises Quarterly Dividend to $0.24

October 20, 2009 8:38 AM EDT

Stepan Co. (NYSE: SCL) reports Q3 EPS of $1.80, or $2.04 excluding deferred compensation, versus the analyst estimate of $1.04. Revenue for the quarter was $326.23 million, which compares to the estimate of $327.54 million.

Stepan also announced an increase in their dividend 9.1% to $0.24, or $0.96 annualized.

This dividend is payable December 15, 2009, to shareholders of record on November 30, 2009. The ex-dividend date is November 26, 2009.

The dividend yield is 1.5%.


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