Stepan raises dividend for 50th consecutive year

Stepan Co (SCL) will raise its dividend by almost ten percent.

Surfactants maker Stepan Company will increase its quarterly dividend to $0.225 per share, marking fifty years of consecutive dividend increases.

The dividend is payable on December 15, 2017, to common stockholders of record on November 30, 2017. The increase marks the 50th consecutive year in which the quarterly dividend rate on the Company's common stock has increased.

Surfactants maker Stepan has raised its dividend 50 straight years

Last year Stepan hiked its dividend for the 49th consecutive year. The stock currently has a dividend yield of 1.1% based on a stock price of $81.21. Despite its strong dividend record Stepan is not a Dividend Aristocrats Index member.

Stepan Company is a manufacturer of specialty and intermediate chemicals. Stepan produces surfactants, which are the key ingredients in consumer and industrial cleaning compounds and in agricultural and oilfield solutions.  The Company is also a supplier of Polyurethane polyols used in the thermal insulation market, and C.A.S.E. (Coatings, Adhesives, Sealants, and Elastomers) industries.