Stepan Company (SCL) To Go Ex-Dividend on June 1st

Stepan Company (NYSE:SCL) declared a quarterly dividend on Tuesday, April 28th. Investors of record on Monday, June 1st will be given a dividend of 0.395 per share by the basic materials company on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, June 1st.

Stepan has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 57 years. Stepan has a payout ratio of 38.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Stepan to earn $3.92 per share next year, which means the company should continue to be able to cover its $1.58 annual dividend with an expected future payout ratio of 40.3%.

Stepan Price Performance

Stepan stock opened at $52.82 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.26 and a quick ratio of 0.86. The company has a market capitalization of $1.20 billion, a PE ratio of -85.20 and a beta of 0.95. Stepan has a one year low of $41.82 and a one year high of $68.00. The business has a 50 day simple moving average of $50.72 and a 200 day simple moving average of $50.86.

Stepan (NYSE:SCL) last posted its earnings results on Tuesday, April 28th. The basic materials company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.39 by $0.06. The business had revenue of $604.51 million during the quarter, compared to the consensus estimate of $612.25 million. Stepan had a positive return on equity of 2.65% and a negative net margin of 0.61%.Stepan’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $0.84 EPS. On average, sell-side analysts forecast that Stepan will post 2.35 EPS for the current fiscal year.

About Stepan

Stepan Company is a global manufacturer of specialty and intermediate chemicals, primarily known for its development and production of surfactants and related specialty products. The company’s portfolio includes a wide range of ingredients used to enhance the performance of consumer and industrial formulations, such as emulsifiers, foam control agents, odor control agents, antimicrobial products and performance additives. These products are integral components in cleaning solutions, personal care items, agrochemical formulations, coatings, oilfield treatments and polymer systems.

Serving a diverse set of end-markets, Stepan’s offerings address both consumer-facing and industrial applications.