{"id":74406,"date":"2023-10-19T09:56:15","date_gmt":"2023-10-19T13:56:15","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/stepan-shares-rise-7-as-chemical-maker-eyes-2024-recovery\/"},"modified":"2023-10-19T09:56:17","modified_gmt":"2023-10-19T13:56:17","slug":"stepan-shares-rise-7-as-chemical-maker-eyes-2024-recovery","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=74406","title":{"rendered":"Stepan Shares Rise 7% as Chemical Maker Eyes 2024 Recovery"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20231018-707280\" role=\"document\">\n<p>By Will Feuer<\/p>\n<pre><\/pre>\n<p>Shares of Stepan climbed in afternoon trading after the chemical manufacturer raised its dividend, reported third-quarter results and said it expects to have positive free cash flow next year.<\/p>\n<p>The stock rose about 7% to $72.86. So far this year, shares are still down about 32%.<\/p>\n<div class=\"paywall\">\n<p>Earlier Wednesday, Stepan raised its quarterly dividend by a penny to 37.5 cents. The company also reported a roughly 68% drop in third-quarter profit and 22% decline in sales. Both figures fell below analysts&#8217; expectations, according to FactSet.<\/p>\n<p>But Stepan&#8217;s end markets are recovering and the company is cutting costs, Chief Executive Scott Behrens said. Stepan is also nearing the end of its investment cycle meant to boost North American production capacity. The company&#8217;s Pasadena, Tex., plant is expected to open in mid-2024.<\/p>\n<p>Behrens said he expects free cash flow to be positive next year.<\/p>\n<pre><\/pre>\n<p>Write to Will Feuer at Will.Feuer@wsj.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/stepan-shares-rise-7-as-chemical-maker-eyes-2024-recovery-a4c4c461?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Will Feuer Shares of Stepan climbed in afternoon trading after the chemical manufacturer raised its dividend, reported third-quarter results and said it expects to have positive free cash flow next year. The stock rose about 7% to $72.86. So far this year, shares are still down about 32%. Earlier Wednesday, Stepan raised its quarterly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-74406","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stepan Shares Rise 7% as Chemical Maker Eyes 2024 Recovery | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Will Feuer Shares of Stepan climbed in afternoon trading after the chemical manufacturer raised its dividend, reported third-quarter results and said\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=74406\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stepan Shares Rise 7% as Chemical Maker Eyes 2024 Recovery | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"By Will Feuer Shares of Stepan climbed in afternoon trading after the chemical manufacturer raised its dividend, reported third-quarter results and said\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=74406\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-19T13:56:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-19T13:56:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/mw_logo_social.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=74406#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=74406\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Stepan Shares Rise 7% as Chemical Maker Eyes 2024 Recovery\",\"datePublished\":\"2023-10-19T13:56:15+00:00\",\"dateModified\":\"2023-10-19T13:56:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=74406\"},\"wordCount\":162,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=74406#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=74406\",\"url\":\"https:\/\/ifintechworld.com\/?p=74406\",\"name\":\"Stepan Shares Rise 7% as Chemical Maker Eyes 2024 Recovery | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-10-19T13:56:15+00:00\",\"dateModified\":\"2023-10-19T13:56:17+00:00\",\"description\":\"By Will Feuer Shares of Stepan climbed in afternoon trading after the chemical manufacturer raised its dividend, reported third-quarter results and said\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=74406#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=74406\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=74406#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Stepan Shares Rise 7% as Chemical Maker Eyes 2024 Recovery\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Stepan Shares Rise 7% as Chemical Maker Eyes 2024 Recovery | iFintechWorld","description":"By Will Feuer Shares of Stepan climbed in afternoon trading after the chemical manufacturer raised its dividend, reported third-quarter results and said","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=74406","og_locale":"en_US","og_type":"article","og_title":"Stepan Shares Rise 7% as Chemical Maker Eyes 2024 Recovery | iFintechWorld","og_description":"By Will Feuer Shares of Stepan climbed in afternoon trading after the chemical manufacturer raised its dividend, reported third-quarter results and said","og_url":"https:\/\/ifintechworld.com\/?p=74406","og_site_name":"iFintechWorld","article_published_time":"2023-10-19T13:56:15+00:00","article_modified_time":"2023-10-19T13:56:17+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/mw_logo_social.png","type":"image\/png"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=74406#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=74406"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Stepan Shares Rise 7% as Chemical Maker Eyes 2024 Recovery","datePublished":"2023-10-19T13:56:15+00:00","dateModified":"2023-10-19T13:56:17+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=74406"},"wordCount":162,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=74406#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=74406","url":"https:\/\/ifintechworld.com\/?p=74406","name":"Stepan Shares Rise 7% as Chemical Maker Eyes 2024 Recovery | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-10-19T13:56:15+00:00","dateModified":"2023-10-19T13:56:17+00:00","description":"By Will Feuer Shares of Stepan climbed in afternoon trading after the chemical manufacturer raised its dividend, reported third-quarter results and said","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=74406#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=74406"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=74406#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Stepan Shares Rise 7% as Chemical Maker Eyes 2024 Recovery"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/74406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=74406"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/74406\/revisions"}],"predecessor-version":[{"id":74407,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/74406\/revisions\/74407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/1898"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}