 |
 |
|
Stepan Co. | 5 1/2% Cumul Voting Convertible Preferred Stock (SCL.PR)
This preferred is marked as having been called.
Prospectus excerpt: Stepan Co., 5 1/2% Cumulative Voting Convertible Preferred Stock, liquidation preference $25 per share, redeemable at the issuers option on or after 9/01/1997 at $25.69 per share falling to $25 per share on 9/01/2002, plus accrued and unpaid dividends, with no stated maturity, and with distributions of 5 1/2% per annum paid quarterly on 3/1, 6/1, 9/1 & 12/1. The preferred shares are convertible any time at the holder's option into 1.14175 common shares of Stepan Co. (NYSE: SCL), an initial conversion price of $21.90 (calculated) per common share. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders. , Secondary Prospectus PDF », SCL Page »
| Alternate symbology: | SCL-, SCL-P, SCLpr | | Redeemable?: | Yes | | Call Date: | 8/19/2013 (Now Trading Post Call Date) | | Perpetual?: | Yes | | Cumulative?: | Yes | | Conversion Ratio: | 1.14175 | | Conversion Price: | $21.90 | | Liquidation Preference: | $25.00 | | Original Coupon: | 5.50% | | Pay Period: | Quarterly | | Pay Dates: | 1-Mar, 1-Jun, 1-Sep, 1-Dec | | CDx3 Compliance Rating: |
Learn SCL.PR's Rating
|
|
|
Stepan produces specialty and intermediate chemicals, which are sold to other manufacturers and used in a variety of end products. Co. has three reportable segments: Surfactants, which are chemical agents that can provide actions such as detergency (i.e., the ability of water to remove soil from another surface), wetting and foaming, dispersing, emulsification (aiding two dissimilar liquids to mix), demulsification, viscosity modifications and biocidal disinfectants; Polymers, which include polyurethane polyols, polyester resins and phthalic anhydride; and Specialty Products, which are chemicals used in food, flavoring, nutritional supplement and pharmaceutical applications. Preferred: SCL.PR
Open the SCL Information Page »
|
| Name: |
Stepan Co. |
| Website: |
www.stepan.com |
| Sector: |
Specialty Chemicals |
| Number of ETFs Holding SCL: |
58 (see which ones) |
| Total Market Value Held by ETFs: |
$531,180,844.75 |
| Total Market Capitalization: |
$1,861,000,000 |
| % of Market Cap. Held by ETFs: |
28.54% |
|
|
|
|
|
Free Email Alerts:
