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

Stepan Company (NYSE:SCL) declared a quarterly dividend on Tuesday, July 28th. Investors of record on Tuesday, September 1st will be paid a dividend of 0.395 per share by the basic materials company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Tuesday, September 1st.

Stepan has increased 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% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Stepan to earn $3.69 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 42.8%.

Stepan Price Performance

SCL stock opened at $62.44 on Friday. The stock has a 50-day moving average price of $60.04 and a two-hundred day moving average price of $55.04. Stepan has a 1 year low of $41.82 and a 1 year high of $68.00. The stock has a market cap of $1.42 billion, a PE ratio of -520.33 and a beta of 0.94. The company has a current ratio of 1.15, a quick ratio of 0.77 and a debt-to-equity ratio of 0.20.

Stepan (NYSE:SCL) last issued its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.57. The company had revenue of $684.11 million for the quarter, compared to analyst estimates of $635.85 million. Stepan had a positive return on equity of 3.90% and a negative net margin of 0.11%.The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 earnings per share. Equities analysts forecast that Stepan will post 2.69 EPS for the current fiscal year.

Stepan Company Profile

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.