Stepan (SCL) to Issue Quarterly Dividend of $0.34 on September 15th

Stepan (NYSE:SCLGet Rating) declared a quarterly dividend on Tuesday, July 26th, Zacks reports. Investors of record on Wednesday, August 31st will be paid a dividend of 0.335 per share by the basic materials company on Thursday, September 15th. This represents a $1.34 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Tuesday, August 30th.

Stepan has a payout ratio of 18.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Stepan to earn $7.46 per share next year, which means the company should continue to be able to cover its $1.34 annual dividend with an expected future payout ratio of 18.0%.

Stepan Stock Performance

Shares of NYSE SCL opened at $111.26 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.77 and a quick ratio of 1.27. The firm has a fifty day moving average price of $103.70 and a 200-day moving average price of $104.63. Stepan has a 1 year low of $95.03 and a 1 year high of $129.35. The stock has a market cap of $2.49 billion, a PE ratio of 18.24 and a beta of 0.72.

Stepan (NYSE:SCLGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The basic materials company reported $2.30 EPS for the quarter, beating the consensus estimate of $1.90 by $0.40. The business had revenue of $751.60 million during the quarter, compared to analyst estimates of $692.40 million. Stepan had a net margin of 5.72% and a return on equity of 13.19%. Stepan’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.81 earnings per share. Equities analysts anticipate that Stepan will post 6.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stepan

Several large investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in Stepan by 3.1% in the 1st quarter. BlackRock Inc. now owns 3,733,939 shares of the basic materials company’s stock worth $368,951,000 after acquiring an additional 112,113 shares in the last quarter. Vanguard Group Inc. increased its holdings in Stepan by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,480,460 shares of the basic materials company’s stock worth $245,094,000 after acquiring an additional 15,595 shares in the last quarter. State Street Corp increased its holdings in Stepan by 9.6% in the 1st quarter. State Street Corp now owns 1,730,137 shares of the basic materials company’s stock worth $170,955,000 after acquiring an additional 151,926 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Stepan by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,007,868 shares of the basic materials company’s stock worth $99,589,000 after acquiring an additional 8,992 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Stepan by 6.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 243,661 shares of the basic materials company’s stock worth $24,076,000 after acquiring an additional 13,746 shares in the last quarter. 76.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SCL has been the topic of a number of research reports. TheStreet raised shares of Stepan from a “c+” rating to a “b” rating in a research report on Monday, June 6th. StockNews.com downgraded shares of Stepan from a “buy” rating to a “hold” rating in a research report on Friday, May 20th.

About Stepan

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Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products. It operates through three segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers surfactants that are used as principal ingredients in consumer and industrial cleaning 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.

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Dividend History for Stepan (NYSE:SCL)

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