Oil-Dri Co. of America Announces Quarterly Dividend of $0.31 (NYSE:ODC)

Oil-Dri Co. of America (NYSE:ODC) declared a quarterly dividend on Wednesday, October 9th, NASDAQ reports. Investors of record on Friday, November 8th will be paid a dividend of 0.31 per share by the specialty chemicals company on Friday, November 22nd. This represents a $1.24 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Friday, November 8th.

Oil-Dri Co. of America has raised its dividend payment by an average of 3.8% annually over the last three years and has increased its dividend annually for the last 11 consecutive years.

Oil-Dri Co. of America Price Performance

NYSE:ODC opened at $71.90 on Wednesday. The firm has a market cap of $524.15 million, a P/E ratio of 13.22 and a beta of 0.59. The stock has a 50 day moving average of $67.83 and a two-hundred day moving average of $68.96. Oil-Dri Co. of America has a 12 month low of $54.91 and a 12 month high of $87.32. The company has a current ratio of 2.21, a quick ratio of 1.39 and a debt-to-equity ratio of 0.24.

Oil-Dri Co. of America shares are set to split before the market opens on Friday, November 22nd. The 2-1 split was announced on Wednesday, October 9th. The newly issued shares will be issued to shareholders after the closing bell on Thursday, November 21st.

Oil-Dri Co. of America (NYSE:ODC) last announced its quarterly earnings data on Thursday, October 10th. The specialty chemicals company reported $1.17 earnings per share for the quarter. Oil-Dri Co. of America had a return on equity of 20.06% and a net margin of 9.01%. The company had revenue of $113.70 million for the quarter.

Insider Transactions at Oil-Dri Co. of America

In related news, VP Laura G. Scheland sold 2,500 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $69.27, for a total transaction of $173,175.00. Following the completion of the sale, the vice president now owns 15,340 shares of the company’s stock, valued at approximately $1,062,601.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.66% of the company’s stock.

Oil-Dri Co. of America Company Profile

Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in 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 that serve as carriers for biological and chemical active ingredients, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.