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NORTHBROOK, Ill. - Stepan Company (NYSE: NYSE:SCL), a leading manufacturer of specialty chemicals with a market capitalization of $1.4 billion, has declared a quarterly cash dividend of $0.385 per share on its common stock, payable on March 14, 2025, to shareholders of record as of March 3, 2025. This reflects an increase of $0.010 per share from the previous quarter’s dividend, offering a current dividend yield of 2.46%, continuing a notable trend of dividend growth for the company.
The announcement marks the 57th consecutive year Stepan has increased its cash dividend to stockholders, underscoring its commitment to delivering shareholder value. According to InvestingPro data, the company maintains a Fair financial health score, despite facing challenges with gross profit margins of 12.89%. The company’s performance is supported by its diverse portfolio of products, including surfactants essential for cleaning and disinfection products, agricultural and oilfield solutions, as well as polyurethane polyols used in thermal insulation and the CASE industries.
Stepan’s global presence is bolstered by its network of production facilities across North and South America, Europe, and Asia, positioning it as a significant player in the specialty chemicals industry. The stock, currently trading near its 52-week low with relatively low price volatility, is available on the New York Stock Exchange under the ticker symbol SCL. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report, offering detailed analysis of Stepan’s market position and growth potential.
While the dividend increase is a positive signal for investors, with the stock trading at a P/E ratio of 30.81, it is important to note that forward-looking statements contained in the company’s news release involve risks and uncertainties. Factors such as market volatility, changes in raw material and energy costs, legal and economic conditions, and other variables could influence the company’s financial results and future performance.
Investors are advised that the information provided is based on a press release statement, and they should not place undue reliance on forward-looking statements. The company’s past financial performance and strategic initiatives are not guarantees of future results. Stepan Company has stated that it does not intend to update or revise these forward-looking statements, except as required by law.
In other recent news, Stepan Company, a Northbrook, IL-based manufacturer in the chemical industry, announced the upcoming retirement of its Vice President, General Counsel, and Secretary, David G. Kabbes. Kabbes is set to retire on March 14, 2025, maintaining his responsibilities until that date and providing support post-retirement for at least three months to ensure a smooth transition. The company has initiated the process to find Kabbes’s replacement, searching both internally and externally for potential candidates, but has not yet named a successor. This executive change is part of the natural cycle of corporate leadership transitions. The departure of such a senior officer is a significant event for Stepan Company, as the role of General Counsel and Secretary is critical for overseeing legal matters and corporate governance. The company’s forward-looking approach in announcing the transition and search for a successor suggests a commitment to continuity and stability. Investors and stakeholders will be watching closely as the company moves to fill this key executive position. These are recent developments based on statements provided in the company’s recent SEC filing.
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