Stepan Company increases quarterly dividend 2.7% to 37.5c per share

Stepan Company reported that the board of directors of Stepan Company approved an increase of $0.010 per share, or 2.7%, on its quarterly cash dividend on its common stock. The dividend of $0.375 per share is payable on December 15 to common stockholders of record on November 30. The increase marks the 56th consecutive year in which the quarterly dividend rate on the company’s common stock has increased.