Stepan Declares Quarterly Dividend
NORTHFIELD, Ill., Feb. 15, 2012 /PRNewswire/ -- The Board of Directors of Stepan Company declared a quarterly cash dividend on its common stock of $0.2800 per share. The dividend is payable on March 15, 2012, to common stockholders of record on February 29, 2012.
As previously announced, the Board of Directors also declared a quarterly cash dividend on its five and one half (5.5%) percent convertible preferred stock at the quarterly rate of $0.34375 per share. Dividends are payable on February 29, 2012, to preferred stockholders of record on February 15, 2012.
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 symbol SCL and SCLPR.
SOURCE Stepan Company