Stepan Company Approves An Increase Of $0.010 Per Share, Or 2.7%, On Quarterly Cash Dividend; Says The dividend of $0.375 Per Share Is Payable On December 15, 2023
Portfolio Pulse from Benzinga Newsdesk
Stepan Company has approved an increase of $0.010 per share, or 2.7%, on its quarterly cash dividend. The dividend of $0.375 per share will be payable on December 15, 2023.
October 18, 2023 | 11:06 am
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Stepan Company's decision to increase its quarterly cash dividend by 2.7% could make its stock more attractive to income-focused investors.
Dividend increases are generally seen as a positive signal by the market, indicating that a company is confident in its future earnings. This could potentially lead to increased demand for the stock, pushing the price up in the short term.
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