Stepan Co (SCL) will raise its quarterly dividend to $0.225 per share.

The dividend is payable on December 15, 2017, to common stockholders of record on November 30, 2017. The increase marks the 50th consecutive year in which the quarterly dividend rate on the Company's common stock has increased.

Stepan Company and its subsidiaries produce specialty and intermediate chemicals, which are sold to other manufacturers and used in a variety of end products. The Company has three reportable segments: Surfactants, Polymers and Specialty Products. Surfactants are the basic cleaning agent in detergents for washing clothes, dishes, carpets, fine fabrics, floors and walls and are also used in personal care products and commercial and industrial applications. Polymers are used in the manufacture of construction materials, coatings, adhesives, sealants and elastomers (CASE) applications. Specialty Products are chemicals used in food, flavoring, nutritional supplement and pharmaceutical applications.