NORTHFIELD, Ill., April 24 /PRNewswire-FirstCall/ -- The Board of Directors of Stepan Company today declared a quarterly cash dividend on its common stock of $0.2050 per share. The dividend is payable on June 15, 2007, to common stockholders of record on May 31, 2007.
The Board of Directors also declared a quarterly cash dividend on its five and one half percent (5.5%) convertible preferred stock at the quarterly rate of $0.34375 per share. Dividends are payable on May 31, 2007, to preferred stockholders of record on May 15, 2007.
Stepan Company, headquartered in Northfield, Illinois, is a leading producer of specialty and intermediate chemicals used in household, industrial, personal care, agricultural, food and insulation-related products. The common and preferred stocks are traded on the New York and Chicago Stock Exchanges under the symbol SCL and SCLPR.
