Stepan Co. (SCL) Declares $0.19 Quarterly Dividend; 1.7% Yield
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February 24, 2016 6:55 AM EST
NORTHFIELD, Ill., Feb. 24, 2016 /PRNewswire/ --Â Stepan Company (NYSE: SCL) today reported:
On February 23, 2016, the Board of Directors of Stepan Company declared a quarterly cash dividend on its common stock of $0.19 per share.  The dividend is payable on March 15, 2016, to common stockholders of record on March 4, 2016. The Company increased its quarterly cash dividend in the fourth quarter of 2015 by $0.01 per share, marking the 48th consecutive year that the company has increased cash dividends to shareholders.Â
Corporate Profile
Stepan Company is a major manufacturer of specialty and intermediate... More
February 24, 2016 6:50 AM EST
NORTHFIELD, Ill., Feb. 24, 2016 /PRNewswire/ --Â Stepan Company (NYSE: SCL) today reported:
Fourth Quarter Highlights
Reported net income was $12.9 million or $0.56 per diluted share.
Adjusted net income* was $17.0 million or $0.74 per diluted share, a 93% increase versus $8.8 million or $0.38 per diluted share in the prior year.
Surfactant operating income was $24.3 million, a 101% increase versus prior year. Polymer operating income was $18.1 million, a 38% increase versus prior year. Specialty Product operating income was $0.9 million.
Total sales volume increased 10% for the quarter. Surfactant and Polymer sales volumes increased 10% and...
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