Oil-Dri Co. of America (NYSE:ODC) announced a quarterly dividend on Wednesday, June 12th, Zacks reports. Shareholders of record on Friday, August 16th will be paid a dividend of 0.25 per share by the specialty chemicals company on Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend 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 raised its dividend payment by an average of 4.7% annually over the last three years and has increased its dividend annually for the last 16 consecutive years.
ODC traded up $0.77 on Tuesday, reaching $33.24. 1,612 shares of the stock were exchanged, compared to its average volume of 3,855. The firm’s 50-day moving average is $33.97. 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 quick ratio of 1.91, a current ratio of 2.76 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $248.48 million, a price-to-earnings ratio of 21.51 and a beta of 1.06.
In related news, Director Paul Hindsley acquired 2,788 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was acquired at an average price of $30.29 per share, with a total value of $84,448.52. Following the acquisition, the director now directly owns 2,126 shares in the company, valued at approximately $64,396.54. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 9.04% of the company’s stock.
A number of analysts have commented on the company. ValuEngine cut Oil-Dri Co. of America from a “hold” rating to a “sell” rating in a research report on Thursday, July 11th. TheStreet raised Oil-Dri Co. of America from a “c+” rating to a “b-” rating in a research report on Tuesday, July 9th.
About Oil-Dri Co. of America
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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