Stepan Raises 2026 Savings Forecast to $66M-$70M, Increases Dividend
Stepan reported a $23 million quarterly savings pace for Project Catalyst in the third quarter and raised its full-year 2026 forecast to $66 million-$70 million, from $60 million. It also increased its quarterly dividend by $0.01 to $0.405 per share, payable December 15 to shareholders of record December 1, 2026.
Stepan Company reported that its Project Catalyst initiative achieved a quarterly savings pace of $23 million during the third quarter. Consequently, the company raised its full-year 2026 savings forecast to a range of $66 million to $70 million, exceeding its previous guidance of $60 million. Additionally, the company increased its quarterly dividend by $0.01 to $0.405 per share, marking the 59th consecutive year of annual dividend increases. The dividend is scheduled for payment on December 15, 2026, to shareholders of record as of December 1, 2026.