Stepan Company (SCL) to Issue Quarterly Dividend of $0.39 on September 15th

Stepan Company (NYSE:SCL) announced a quarterly dividend on Wednesday, July 30th, RTT News reports. Investors of record on Friday, August 29th will be paid a dividend of 0.385 per share by the basic materials company on Monday, September 15th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, August 29th.

Stepan has a payout ratio of 37.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Stepan to earn $4.79 per share next year, which means the company should continue to be able to cover its $1.54 annual dividend with an expected future payout ratio of 32.2%.

Stepan Trading Up 1.9%

Shares of SCL opened at $50.83 on Friday. Stepan has a 52-week low of $44.23 and a 52-week high of $87.45. The company has a quick ratio of 0.79, a current ratio of 1.35 and a debt-to-equity ratio of 0.31. The firm’s fifty day moving average is $55.89 and its two-hundred day moving average is $56.48. The stock has a market cap of $1.15 billion, a PE ratio of 20.01 and a beta of 1.01.

Stepan (NYSE:SCL) last announced its earnings results on Wednesday, July 30th. The basic materials company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.40). Stepan had a return on equity of 4.78% and a net margin of 2.57%. The business had revenue of $594.69 million for the quarter, compared to analyst estimates of $598.25 million. During the same period last year, the firm earned $0.41 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Research analysts forecast that Stepan will post 3.55 earnings per share for the current fiscal year.

About Stepan

Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products worldwide. It operates through three segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers surfactants that are used in consumer and industrial cleaning and disinfection products, including detergents for washing clothes, dishes, carpets, and floors and walls, as well as shampoos and body washes; and other applications, such as fabric softeners, germicidal quaternary compounds, disinfectants, and lubricating ingredients.