Stepan Co. (SCL) Raises Quarterly Dividend 10.9% to $0.305; 1.1% Yield

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Go back to Stepan Co. (SCL) Raises Quarterly Dividend 10.9% to $0.305; 1.1% Yield

Stepan Increases Quarterly Cash Dividend, Marking the 53rd Consecutive Year of Increases

October 21, 2020 6:55 AM EDT

NORTHFIELD, Ill., Oct. 21, 2020 /PRNewswire/ -- Stepan Company (NYSE: SCL) today reported:

On October 20, 2020, the Board of Directors of Stepan Company approved an increase of $0.03 per share, or 10.9%, on its quarterly cash dividend on its common stock. The dividend of $0.305 per share is payable on December 15, 2020, to common stockholders of record on November 30, 2020. The increase marks the 53rd consecutive year in which the quarterly dividend rate on the Company's common stock has increased.

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