NORTHFIELD, Ill., Feb. 22, 2017 /PRNewswire/ -- Stepan Company
(NYSE: SCL) today reported:
On February 21, 2017, the Board of
Directors of Stepan Company declared a quarterly cash dividend on
its common stock of $0.205 per
share. The dividend is payable on March 15, 2017, to common stockholders of record
on March 3, 2017. The Company
increased its quarterly cash dividend in the fourth quarter of 2016
by $0.015 per share, marking the
49th consecutive year that the company has increased its
cash dividend to shareholders.
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
* * * * *
Certain information in this presentation consists of
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended (the Exchange Act).
These statements include statements about Stepan Company's plans,
objectives, strategies, financial performance and outlook, trends,
the amount and timing of future cash distributions, prospects or
future events and involve known and unknown risks that are
difficult to predict. As a result, the Stepan Company's actual
financial results, performance, achievements or prospects may
differ materially from those expressed or implied by these
forward-looking statements. In some cases, you can identify
forward-looking statements by the use of words such as "may,"
"could," "expect," "intend," "plan," "seek," "anticipate,"
"believe," "estimate," "guidance," "predict," "potential,"
"continue," "likely," "will," "would," "illustrative" and
variations of these terms and similar expressions, or the negative
of these terms or similar expressions. Such forward-looking
statements are necessarily based upon estimates and assumptions
that, while considered reasonable by Stepan Company and its
management based on their knowledge and understanding of the
business and industry, are inherently uncertain. These statements
are not guarantees of future performance, and stockholders should
not place undue reliance on forward-looking statements.
There are a number of risks, uncertainties and other
important factors, many of which are beyond Stepan Company's
control, that could cause actual results to differ materially from
the forward-looking statements contained in this news release. Such
risks, uncertainties and other important factors include, among
other factors, the risks, uncertainties and factors 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 and uncertainties related to disruptions in production or
accidents at manufacturing facilities, global competition,
volatility of raw material and energy costs, disruptions in
transportation or significant changes in transportation costs,
reduced demand due to customer product reformulations or new
technologies, the probability of future acquisitions and the
uncertainties related to the integration of acquired businesses,
maintaining and protecting intellectual property rights,
international business risks, including currency exchange rate
fluctuations, legal restrictions and taxes, our ability to estimate
and maintain appropriate levels of recorded liabilities, our debt
covenants, our ability to access capital markets, downturns in
certain industries and general economic downturns, global
political, military, security or other instability, costs related
to expansion or other capital projects, interruption or breaches of
information technology systems, the costs and other effects of
governmental regulation and legal and administrative proceedings
and our ability to retain executive management and key
personnel.
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.
Contact: Scott D. Beamer
847-446-7500
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SOURCE Stepan Company