Oil-Dri Co. of America (NYSE:ODC) Declares Dividend Increase – $0.25 Per Share

Oil-Dri Co. of America (NYSE:ODC) announced a quarterly dividend on Wednesday, June 12th, Zacks reports. Stockholders of record on Friday, August 16th will be given a dividend of 0.25 per share by the specialty chemicals company on Friday, August 30th. This represents a $1.00 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Thursday, August 15th. This is a boost from Oil-Dri Co. of America’s previous quarterly dividend of $0.24.

Oil-Dri Co. of America has increased its dividend by an average of 4.7% per year over the last three years and has raised its dividend annually for the last 16 consecutive years.

Shares of ODC stock traded up $0.77 during mid-day trading on Tuesday, hitting $33.24. 1,612 shares of the company’s stock were exchanged, compared to its average volume of 3,855. Oil-Dri Co. of America has a fifty-two week low of $24.25 and a fifty-two week high of $42.14. The company has a 50-day simple moving average of $33.97. The company has a current ratio of 2.76, a quick ratio of 1.91 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $248.48 million, a PE ratio of 21.51 and a beta of 1.06.

Oil-Dri Co. of America (NYSE:ODC) last posted its quarterly earnings data on Friday, June 7th. The specialty chemicals company reported $0.74 earnings per share (EPS) for the quarter. Oil-Dri Co. of America had a return on equity of 8.63% and a net margin of 4.22%. The business had revenue of $70.89 million for the quarter.

Several equities research analysts have recently issued reports on ODC shares. TheStreet upgraded Oil-Dri Co. of America from a “c+” rating to a “b-” rating in a report on Tuesday, July 9th. ValuEngine cut Oil-Dri Co. of America from a “hold” rating to a “sell” rating in a report on Thursday, July 11th.

In other Oil-Dri Co. of America news, Director Paul Hindsley acquired 2,788 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were acquired at an average price of $30.29 per share, for a total transaction of $84,448.52. Following the completion of the acquisition, the director now directly owns 2,126 shares of the company’s stock, valued at $64,396.54. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.04% of the stock is owned by company insiders.

Oil-Dri Co. of America Company Profile

Oil-Dri Corporation of America develops, manufactures, and markets sorbent products in the United States and internationally. It operates through two segments, Retail and Wholesale Products Group, and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products, which serve as chemical carriers, drying agents, and growing media under the Agsorb, Verge, Flo-Fre, and Terra-Green brand names.

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Dividend History for Oil-Dri Co. of America (NYSE:ODC)

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