Stepan Company Common Stock (NYSE:SCL):
Stepan Increases Quarterly Cash Dividend, Marking the Forty-Ninth Consecutive Year of Increases.
The company is now up by 0.06 percent from yesterday’s close.
Stepan Company Common Stock declared a dividend for shareholders that will be paid on Thu Dec 15, 2016. The dividend payment will be $0.205 per share for the quarter or $0.82 annualized. This dividend represents a yield of $1.16. The ex-dividend date will be Monday August 29th, 2016.
Company chares are trading at $70.21 which is a tad under the 50 day moving average which is $71.69 and which is marginally over the 200 day moving average of $64.64. The 50 day moving average moved down $-1.48 and the 200 day average moved up $5.57.
The company’s P/E ratio is 18.13 and the market cap of the company is 1.60B. As of the latest earnings report the EPS was $3.87 and is projected to be $4.35 for the current year with 22,819,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $1.18 and the next full year EPS is anticipated to be $4.44.
Several brokerage firms have provided guidance on Stepan Company Common Stock recently. On June 4, 2015 Global Hunter starting coverage on SCL with an initial rating of “Accumulate” and projecting a price target of $57.00. On October 14 analysts at Guggenheim Securities began coverage of the stock giving it an initial rating of “Buy” and a price target of $70.00.
KeyBanc started covering SCL with a rating of “Buy” and setting a price target of $80.00.