Stepan Co. (SCL) Raises Quarterly Dividend 9.8% to $0.335; 1.1% Yield
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Stepan Increases Quarterly Cash Dividend, Marking the 54th Consecutive Year of Increases, and Announces Share Repurchase Program
October 20, 2021 6:55 AM EDTNORTHBROOK, Ill., Oct. 20, 2021 /PRNewswire/ --Â Stepan Company (NYSE: SCL) today reported:
On October 19, 2021, the Board of Directors of Stepan Company approved an increase of $0.030 per share, or 9.8%, on its quarterly cash dividend on its common stock. The dividend of $0.335 per share is payable on December 15, 2021, to common stockholders of record on November 30, 2021. The increase marks the 54th consecutive year in which the quarterly dividend rate on the Company's common stock has increased.
In addition, the Board of Directors of the Company authorized the Company to repurchase up to $150,000,000 of its... More
