NORTHFIELD, Ill., Oct. 18 /PRNewswire-FirstCall/ -- The Board of Directors of Stepan Company declared a 2.5 percent increase in the company's quarterly cash dividend on its common stock to $0.205 per share. The quarterly dividend is payable on December 15, 2006, to stockholders of record on November 30, 2006. The increase brings the annual dividend rate to $0.82 per share. The increase declared at today's meeting marks the thirty-ninth consecutive year in which the quarterly dividend rate on its common stock has been increased. The company first initiated a cash dividend policy in 1967. The Board of Directors today also declared a quarterly cash dividend on its 5.5 percent convertible preferred stock, at the quarterly dividend rate of $0.34375 per share, or at the annual rate of $1.375 per share. The dividend is payable on November 30, 2006, to preferred stockholders of record on November 15, 2006. The Board of Directors today also declared a quarterly cash dividend on its 5.5 percent convertible preferred stock at the quarterly dividend rate of $0.34375 per share, or at the annual rate of $1.375 per share, payable on February 28, 2007, to preferred stockholders of record on February 15, 2007. Stepan Company, headquartered in Northfield, Illinois, is a leading producer of specialty and intermediate chemicals used in household, industrial, personal care, agricultural, food and insulation-related products. The common and preferred stocks are traded on the New York and Chicago Stock Exchanges under the symbols SCL and SCLPR. DATASOURCE: Stepan Company CONTACT: James E. Hurlbutt, +1-847-446-7500

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