Stepan Company Raises Quarterly Dividend Amid Strong Earnings
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Stepan Company raised its quarterly dividend from $0.395 to $0.405 per share, representing an increase of about 2.5%. The company reported third-quarter adjusted EPS of $0.94, which was higher than the consensus estimate of $0.725. The report noted that Stepan Company, along with NewMarket and Leidos, are among three specialty businesses on the New York Stock Exchange that raised their payouts recently.
From 247wallst.com
Why it matters
The dividend increases by specialty companies suggest steady growth backed by profits that cover the payouts several times over. These businesses sell products to manufacturers, refiners, and government agencies.
From 247wallst.com
Who's involved
- Stepan CompanyA specialty chemical company that manufactures surfactants and polymers and raised its dividend
- LeidosA defense and technology company grouped with Stepan Company as operating in specialty markets
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Stepan CompanySpeculative
The strong revenue growth and dividend increase could boost the financial health of Stepan Company
- LeidosSpeculative
Peer validation of specialty market strength could affect the market price of Leidos
Keep exploring
The entities involved
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Stepan Company
American company
Nothing else this week.
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Leidos
defense, aviation, information technology, and biomedical research company based in Reston, Virginia, United States
Nothing else this week.