Stepan Co. (SCL) Raises Quarterly Dividend 5.6% to $0.19; 1.6% Yield

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Go back to Stepan Co. (SCL) Raises Quarterly Dividend 5.6% to $0.19; 1.6% Yield

Stepan Company Announces Appointment of New Company Director

October 21, 2015 6:59 AM EDT

NORTHFIELD, Ill., Oct. 21, 2015 /PRNewswire/ -- Stepan Company (NYSE: SCL) today announced the appointment of Jan Stern Reed as a Director of the Company, effective immediately.

Ms. Reed currently serves as Senior Vice President, General Counsel and Corporate Secretary of Walgreens Boots Alliance, Inc.  She also serves as Senior Vice President, General Counsel and Corporate Secretary of Walgreen Co., a position she has held since October 2014.     

Prior to joining Walgreens, Ms. Reed held key management, legal and human... More

Stepan Reports Higher Third Quarter Results and Announces Forty-Eighth Consecutive Year of Dividend Increases

October 21, 2015 6:55 AM EDT

NORTHFIELD, Ill., Oct. 21, 2015 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported:

Third Quarter Highlights

Reported net income was $24.9 million or $1.09 per diluted share, an 85% increase versus $13.5 million or $0.59 per diluted share in the prior year. Adjusted net income* was $21.1 million or $0.92 per diluted share, a 35% increase versus $15.6 million or $0.68 per diluted share in the prior year. Surfactant operating income was $21.8 million, a 96% increase versus prior year. Polymer operating income was $24.6 million, a 35% increase versus prior year. Total... More