Stepan Company (NYSE:SCL) will begin trading ex-dividend on November 27, 2020. The quarterly dividend payment of $ 0.305 per share is scheduled to be paid on December 15, 2020. The dividend yield based on the latest trading day closing price was 0.99 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 27, 2020.
Dividends History
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Stepan Company recently reported second quarter financial results on July 22, 2020, before market open, the Northfield based company announced income for the second quarter of $ 1.54 per share, from the revenue of $ 460.55 million, On adjusted basis, SCL reported income for the quarter of $ 1.65 per share. The quarterly earnings boosted 18.46 percent while revenues decreased 2.63 percent compared with the same quarter last year. Street analysts expected Stepan Company recently reported second quarter financial results on July 22, 2020, before market open, the Northfield based company to report income of $ 1.20 per share on revenue of $ 451.33 million for the second quarter. The bottom line results beat street analysts by $ 0.45 or 37.50 percent, at the same time, top line results outshined analysts by $ 9.22 million or 2.04 percent.
Stock Performance
Shares of Stepan Company traded low $ -0.68 or -0.55 percent on Thursday, reaching $ 123.49 with volume of 61.50 thousand shares. Stepan Company has traded high as $ 123.75 and has cracked $ 121.30 on the downward trend
According to the previous trading day, closing price of $ 123.49, representing a 79.10 % increase from the 52 week low of $ 69.33 and a 4.2 % decrease over the 52 week high of $ 129.62.
The company has a market capital of $ 2.77 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products in North America, Europe, Latin America, and Asia. The company 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, and lubricating ingredients.
