Somewhat Positive Media Coverage Somewhat Unlikely to Impact Oil-Dri Corporation Of America (ODC) Share Price

News coverage about Oil-Dri Corporation Of America (NYSE:ODC) has been trending somewhat positive on Saturday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Oil-Dri Corporation Of America earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned media stories about the specialty chemicals company an impact score of 45.6057893226044 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Oil-Dri Corporation Of America (NYSE:ODC) traded up 0.50% during midday trading on Friday, reaching $38.47. The company’s stock had a trading volume of 6,332 shares. Oil-Dri Corporation Of America has a one year low of $31.35 and a one year high of $43.84. The firm has a market cap of $280.68 million, a P/E ratio of 19.21 and a beta of 1.08. The firm has a 50 day moving average price of $41.28 and a 200 day moving average price of $38.17.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a $0.23 dividend. This is an increase from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Wednesday, August 16th. Oil-Dri Corporation Of America’s dividend payout ratio is currently 45.54%.

Separately, BidaskClub upgraded Oil-Dri Corporation Of America from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th.

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In related news, Director Allan H. Selig bought 1,000 shares of the company’s stock in a transaction on Tuesday, June 13th. The shares were acquired at an average cost of $40.38 per share, for a total transaction of $40,380.00. Following the purchase, the director now directly owns 29,500 shares of the company’s stock, valued at $1,191,210. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 13.86% of the stock is owned by corporate insiders.

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.