Stepan Increases Quarterly Dividend

NORTHFIELD, Ill., Oct. 18  /PRNewswire-FirstCall/ -- The Board of Directors of Stepan Company declared a 2.5 percent increase in the company's quarterly cash dividend on its common stock to $0.205 per share.  The quarterly dividend is payable on December 15, 2006, to stockholders of record on November 30, 2006.  The increase brings the annual dividend rate to $0.82 per share.

The increase declared at today's meeting marks the thirty-ninth consecutive year in which the quarterly dividend rate on its common stock has been increased.  The company first initiated a cash dividend policy in 1967.

The Board of Directors today also declared a quarterly cash dividend on its 5.5 percent convertible preferred stock, at the quarterly dividend rate of $0.34375 per share, or at the annual rate of $1.375 per share.  The dividend is payable on November 30, 2006, to preferred stockholders of record on November 15, 2006.

The Board of Directors today also declared a quarterly cash dividend on its 5.5 percent convertible preferred stock at the quarterly dividend rate of $0.34375 per share, or at the annual rate of $1.375 per share, payable on February 28, 2007, to preferred stockholders of record on February 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 symbols SCL and SCLPR. 

DATASOURCE: Stepan Company



CONTACT:  James E. Hurlbutt, [phone]

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