Key Developments: Stepan Co (SCL)

SCL on New York Consolidated

46.42USD
17 Sep 2014
Price Change (% chg)

$-0.14 (-0.30%)
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$46.56
Open
$46.55
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$46.81
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$46.30
Volume
11,966
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$67.20
52-wk Low
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Latest Key Developments (Source: Significant Developments)

Stepan Co declares quarterly cash dividend
Wednesday, 23 Jul 2014 07:00am EDT 

Stepan Co:Declared quarterly cash dividend on its common stock of $0.17 per share.Dividend is payable on Sep.15 record on Aug. 29.  Full Article

Stepan Co announces agreement to acquire Sulfonation Production Facility in Brazil
Tuesday, 15 Jul 2014 04:15pm EDT 

Stepan Co:Company through its subsidiary in Brazil, reported that it reached an agreement with Procter & Gamble do Brasil S.A. to acquire their sulfonation production facility in Bahia, Brazil.Facility is located in northeast region of Brazil and has 30,000 metric tons of capacity.Transaction is projected to close in third or fourth quarter and acquisition is expected to have minimal impact on Stepan's 2014 financial results.Financial terms of the transaction were not disclosed.  Full Article

Stepan Co announces quarterly cash dividend
Tuesday, 18 Feb 2014 08:00am EST 

Stepan Co:Declares a quarterly cash dividend on its common stock of $0.17 per share.Says dividend is payable on Mar. 14 to common stockholders of record on Feb. 28.Says the increase of quarterly cash dividend by $0.01 per share in the Q4 of 2013.  Full Article

Stepan Co Announces 6% Dividend Increase
Sunday, 20 Oct 2013 08:00pm EDT 

Stepan Co announced that the dividend on common stock was increased 6% to an annual rate of $0.68 per common share. This marks the forty-sixth consecutive annual dividend increase.  Full Article

Stepan Co Declares Quarterly Cash Dividend
Wednesday, 24 Jul 2013 08:00am EDT 

Stepan Co announced that the Board of Directors declared a quarterly cash dividend on its common stock of $0.16 per share on July 23, 2013. The dividend is payable on September 13, 2013, to common stockholders of record on August 30, 2013.  Full Article

Stepan Co Names New Vice President, Chief Financial Officer
Monday, 8 Jul 2013 05:45pm EDT 

Stepan Co announced that Scott D. Beamer has joined to the Company and will become Vice President, Chief Financial Officer succeeding James E. Hurlbutt who plans to retire after 31 years with the Company.  Full Article

Stepan Co Declares Quarterly Dividend
Wednesday, 1 May 2013 08:30am EDT 

Stepan Co announced that it has declared a quarterly cash dividend on its common stock of $0.1600 per share. The dividend is payable on June 14, 2013, to common stockholders of record on May 31, 2013. The Board of Directors also declared a quarterly cash dividend on 5.5% convertible preferred stock at the quarterly rate of $0.34375 per share. Dividends are payable on May 31, 2013, to preferred stockholders of record on May 15, 2013.  Full Article

Stepan Co To Acquire North American Polyester Resins Business From Bayer AG's Bayer MaterialScience
Tuesday, 30 Apr 2013 06:00am EDT 

Stepan Co announced that it has reached an agreement with Bayer MaterialScience to acquire North American Polyester Resins business, including the production facility located in Columbus, Georgia. The definitive agreement is projected to close within four to six weeks. Financial terms of the transaction were not disclosed.  Full Article

Stepan Co To Continue Trading On The New York Stock Exchange And Will Discontinue Trading On The Chicago Stock Exchange
Friday, 15 Mar 2013 08:00am EDT 

Stepan Co announced that it has applied to voluntarily withdraw its common stock and 5 1/2% convertible preferred stock (collectively, the Securities) from listing on the Chicago Stock Exchange, Inc. (the CHX) pursuant to Rule 4(b) of Article 22 of the CHX and Rule 12d2-2(c) of the Securities Exchange Act of 1934. The Company's decision to withdraw its Securities from listing on the CHX is based on the limited trading volume of its Securities on the CHX and the Company's desire to eliminate the duplicative cost and administrative burden required to maintain listings on both the New York Stock Exchange (the NYSE) and the CHX. The Company currently anticipates that it will file a Form 25 with the U.S. Securities and Exchange Commission on or about March 25, 2013 to commence the delisting process. It is expected that the delisting will take effect on or about April 4, 2013. Following the delisting, the Company's Securities will no longer trade on the CHX. The Company's Securities will continue to trade on the NYSE under the symbols SCL and SCLPR.  Full Article

Stepan Co Approves Share Repurchase Authorization
Thursday, 21 Feb 2013 07:01am EST 

Stepan Co announced that on February 19, 2013, the Board of Directors authorized the Company to repurchase up to 1,000,000 shares of outstanding common stock. This repurchase authorization replaces the 1,000,000 share authorization (split adjusted) approved on February 11, 2009, of which the remaining unutilized repurchase authorization of 170,542 shares is cancelled. The Company will repurchase shares from time to time for cash in open market or private transactions in accordance with applicable securities and stock exchange rules. The timing and amount of the repurchases will be determined by the Company's management based on their evaluation of market conditions and share price.  Full Article

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