Stepan Company (NYSE:SCL) has made its way onto the Best Dividend Stocks for a Dividend Champions List.
Based in Illinois, Stepan Company (NYSE:SCL) specializes in manufacturing unique and mid-range chemicals utilized in various sectors. In a recent update, President and CEO Luis E. Rojo shared that the company achieved solid performance, displaying a double-digit growth in adjusted EBITDA during the first half of 2025. Although he noted that rising oleochemical costs have impacted surfactant profit margins, Rojo expressed confidence in a gradual recovery of those margins as the year progresses.
For the second quarter, Stepan Company (NYSE:SCL) posted an adjusted EBITDA of $51.4 million, marking an 8% rise compared to the previous year. Overall volumes increased by 1%, primarily driven by a 7% boost in Polymers and an impressive 49% surge in the NCT product line. The net income on an adjusted basis reached $12 million, a 27% increase year-over-year. Rojo highlighted strong earnings from polymers and crop productivity, alongside the benefits of a lower tax rate. He also indicated that production at the newly established plant in Pasadena, Texas, is gaining momentum and is expected to positively impact results in the latter part of 2025.
During the quarter, Stepan Company (NYSE:SCL) successfully onboarded over 400 new customers, according to Rojo. Both crop productivity and oilfield divisions reported double-digit growth. Looking to the future, the company is on track to finalize the sale of its facility in the Philippines later this year while continuing to optimize its global operations.
From a shareholder’s viewpoint, Stepan Company (NYSE:SCL) stands out for its remarkable consistency in dividend payments. The company has raised its dividend for 57 consecutive years, currently distributing a quarterly dividend of $0.385 per share, translating to a yield of roughly 3.16% as of October 2.
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