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STEPAN INCREASES QUARTERLY DIVIDEND

 NORTHFIELD, Ill., Oct. 29 /PRNewswire/ -- The board of directors of Stepan Company (AMEX: SCL) today declared a five (5 percent) percent increase in the company's quarterly cash dividend on its common stock to twenty-one ($0.21) cents per share. The new quarterly dividend is payable on Dec. 15, 1993, to stockholders of record on Nov. 30, 1993. The increase brings the annual dividend rate to eighty-four ($0.84) cents per share.
 The increase declared at today's meeting marks the twenty-sixth 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 five-and-one-half (5.5 percent) 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 Dec. 1, 1993, to stockholders of record on Nov. 15, 1993.
 Stepan Company, headquartered in Northfield, Ill., is a leading producer of basic and intermediate chemicals used in household, industrial, personal care, agricultural and energy-related products. The common stock is traded on the American and Chicago Stock Exchanges under the symbol SCL, and the convertible preferred stock is traded on the Chicago Stock Exchange under the symbol SCLPR.
 -0- 10/29/93
 /CONTACT: Joan M. Kusher of Stepan, 708-446-7500/
 (SCL)


CO: Stepan Company ST: Illinois IN: CHM SU: DIV

TS -- NY085 -- 8676 10/29/93 16:16 EDT
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Publication:PR Newswire
Date:Oct 29, 1993
Words:249
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