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Strategies & Market Trends : Dividend investing for retirement

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To: Steve Felix who wrote (5211)	10/21/2010 11:05:55 AM
From: Triffin	Read Replies (1) of 34328

SCL raises dividend payout .. ===== NORTHFIELD, Ill., Oct. 20 /PRNewswire-FirstCall/ -- Stepan Company (NYSE:SCL - News) today reported third quarter and year-to-date results for the period ended September 30, 2010. Net sales for the third quarter rose 12 percent to $366.8 million on a four percent increase in sales volume coupled with a nine percent increase in selling prices attributable to higher raw material costs. Third quarter net income was $19.2 million versus $19.5 million in the prior year. Year-to-date net income rose five percent to $56.9 million versus $54.3 million in the prior year. The dividend was increased by 8.3 percent to an annual rate of $1.04 per common share. This marks the forty-third consecutive annual dividend increase. Cash flow from operations remained strong with cash on hand of $111.0 million and debt, net of cash, of $66.5 million, or 16.3 percent, net debt to capitalization ratio. ====== Current yield is low, but their dividend track record is impressive Triff ..

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