NORTHFIELD, Ill., Oct. 18, 2016 /PRNewswire/ -- Stepan
Company (NYSE: SCL) today reported:
On October 17, 2016, the Board of
Directors of Stepan Company declared a 7.9% increase in the
Company's quarterly cash dividend on its common stock to
$0.205 per share. The dividend is
payable on December 15, 2016, to
common stockholders of record on November
30, 2016. The increase marks the forty-ninth consecutive
year in which the quarterly dividend rate on the Company's common
stock has increased.
Corporate Profile
Stepan Company is a major manufacturer of specialty and
intermediate chemicals used in a broad range of industries.
Stepan is a leading merchant producer of surfactants, which are the
key ingredients in consumer and industrial cleaning
compounds. The Company is also a leading supplier of
Polyurethane polyols used in the expanding thermal insulation
market, and C.A.S.E. (Coatings, Adhesives, Sealants, and
Elastomers) industries.
Headquartered in Northfield,
Illinois, Stepan utilizes a network of modern production
facilities located in North and South
America, Europe and
Asia.
The common stock is traded on the New York Stock Exchange (NYSE)
under the symbol SCL. For more information about Stepan
Company please visit the Company online at www.stepan.com
Except for historical information, all other information in
this news release consists of forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements are subject to risks
and uncertainties that could cause actual results to differ
materially from those projected, anticipated or implied.
Significant risks and uncertainties are described in Stepan
Company's Form 10-K, Form 8-K and Form 10-Q reports and exhibits to
those reports, and include (but are not limited to) risks related
to our foreign operations, foreign currency fluctuations, certain
global and regional economic conditions, costs related to expansion
or other capital projects, the probability of future acquisitions
and the uncertainties related to the integration of acquired
businesses, the effect of customer product reformulations or new
technologies, the loss of one or more key customer or supplier
relationships, the costs and other effects of governmental
regulation and legal and administrative proceedings, including the
expenditures necessary to address and resolve environmental claims
and proceedings, disruptions in production at manufacturing
facilities, volatility of raw material, natural gas and energy
costs, maintaining and protecting intellectual property rights,
interruption or breaches of information technology systems,
disruptions in transportation or significant changes in
transportation costs, our level of indebtedness and general
economic conditions. These forward-looking statements are
made only as of the date hereof, and Stepan Company undertakes no
obligation to update or revise these forward-looking statements,
whether as a result of new information, future events or
otherwise.
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SOURCE Stepan Company