Stepan Declares Quarterly Dividend
NORTHFIELD, Ill., April 25, 2012 /PRNewswire/ -- The Board of Directors of Stepan Company (NYSE: SCL) declared a quarterly cash dividend on its common stock of $0.2800 per share. The dividend is payable on June 15, 2012, to common stockholders of record on May 31, 2012.
The Board of Directors also declared a quarterly cash dividend on its five and one half percent (5.5%) convertible preferred stock at the quarterly rate of $0.34375 per share. Dividends are payable on May 31, 2012, to preferred stockholders of record on May 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