Oil-Dri Corporation Of America (ODC) Plans Quarterly Dividend of $0.23

Oil-Dri Corporation Of America (NYSE:ODC) announced a quarterly dividend on Thursday, June 15th, Wall Street Journal reports. Stockholders of record on Friday, August 18th will be paid a dividend of 0.23 per share by the specialty chemicals company on Friday, September 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Wednesday, August 16th. This is a boost from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.22.

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Oil-Dri Corporation Of America has increased its dividend payment by an average of 31.3% annually over the last three years and has raised its dividend every year for the last 14 years.

Shares of Oil-Dri Corporation Of America (NYSE ODC) opened at 39.12 on Friday. Oil-Dri Corporation Of America has a 52 week low of $31.35 and a 52 week high of $43.84. The company has a market cap of $285.42 million, a PE ratio of 19.53 and a beta of 1.08. The stock’s 50 day moving average price is $41.58 and its 200-day moving average price is $37.97.

Oil-Dri Corporation Of America (NYSE:ODC) last announced its earnings results on Wednesday, June 7th. The specialty chemicals company reported $0.44 earnings per share (EPS) for the quarter. The company had revenue of $64.75 million for the quarter. Oil-Dri Corporation Of America had a return on equity of 12.39% and a net margin of 5.63%.

In related news, Director Allan H. Selig bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The shares were bought at an average price of $40.38 per share, with a total value of $40,380.00. Following the completion of the transaction, the director now directly owns 29,500 shares in the company, valued at $1,191,210. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.86% of the stock is owned by insiders.

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Separately, BidaskClub cut Oil-Dri Corporation Of America from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.

About Oil-Dri Corporation Of America

Oil-Dri Corporation of America is engaged in developing, manufacturing and/or marketing sorbent products. The Company operates through two segments: Retail and Wholesale Products Group, and Business to Business Products Group. The Retail and Wholesale Products Group’s customers include mass merchandisers, wholesale clubs, drugstore chains, dollar stores, distributors of industrial cleanup and automotive products, environmental service companies and sports field product users.