Stepan Company Increases Quarterly Dividend to $0.405 per Share
Stepan Company (SCL) has announced a 2.5% increase in its quarterly dividend, raising the payout from $0.395 to $0.405 per share. The upcoming dividend carries a forward yield of 2.48%, with a payment date scheduled for December 15 and an ex-dividend date of December 1. The announcement follows strong financial performance where the company reported Non-GAAP earnings per share (EPS) of $0.94, exceeding analyst expectations by $0.22. Additionally, revenue reached $692.15 million, surpassing estimates by approximately $57.85 million, signaling effective cost-saving measures and operational strength.
Topics: dividend announcement earnings beat quarterly results