Oil-Dri Board of Directors Declares Quarterly Dividends

Rhea-AI Summary

On October 12, 2022, Oil-Dri Corporation of America (NYSE: ODC) declared quarterly cash dividends of $0.28 per share for Common Stock and $0.21 for Class B Stock, payable on November 25, 2022. The record date for stockholders is November 11, 2022. Oil-Dri has consistently paid cash dividends since 1974, raising them annually for 19 consecutive years. The company plans to release its fiscal Q1 earnings on December 6, 2022, and will hold a virtual earnings discussion on December 7, 2022.

Positive

• Quarterly cash dividends of $0.28 for Common Stock and $0.21 for Class B Stock indicate strong financial health.
• Consistent dividend payments since 1974 reflect company stability and commitment to shareholders.
• Annual dividend increases for 19 consecutive years showcase long-term growth and shareholder value.

Negative

• None.

CHICAGO, Oct. 14, 2022 (GLOBE NEWSWIRE) -- On October 12, 2022, the Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) declared quarterly cash dividends of $0.28 per share of the Company’s Common Stock and $0.21 per share of the Company’s Class B Stock.

The dividends declared will be payable on November 25, 2022 to stockholders of record at the close of business on November 11, 2022. The Company has paid cash dividends continuously since 1974 and has increased dividends annually for nineteen consecutive years.

Oil-Dri expects to release earnings for its first quarter of fiscal 2023 after the close of the U.S. stock market on Tuesday, December 6, 2022.

Oil-Dri will host its first quarter fiscal 2023 earnings discussion and its Annual Meeting of Stockholders virtually via a live webcast on Wednesday, December 7, 2022 at 9:30 am Central Time. The record date for voting eligibility at the Annual Meeting was Monday, October 10, 2022.

Participation details will be communicated via web alert approximately one week prior to the webcast and posted on our website’s Events page.

Oil-Dri Corporation of America is a leading manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. Oil-Dri is vertically integrated which enables the Company to efficiently oversee every step of the process from research and development to supply chain to marketing and sales. With over 80 years of experience, the Company continues to fulfill its mission to Create Value from Sorbent Minerals. To learn more about the Company, visit oildri.com.

^{Category: Dividends}

Contact:
Leslie A. Garber
Manager of Investor Relations
Oil-Dri Corporation of America
InvestorRelations@oildri.com
(312) 321-1515

FAQ

What is the dividend amount declared by Oil-Dri Corporation (NYSE: ODC)?

Oil-Dri Corporation declared a dividend of $0.28 per share for Common Stock and $0.21 per share for Class B Stock.

When is the dividend payable for ODC stockholders?

The dividends will be payable on November 25, 2022.

What is the record date for receiving the dividends from ODC?

The record date for stockholders to receive dividends is November 11, 2022.

How long has Oil-Dri been paying dividends?

Oil-Dri has paid cash dividends continuously since 1974.

When will Oil-Dri release its fiscal Q1 earnings for 2023?

Oil-Dri is set to release its fiscal Q1 earnings after the close of the U.S. stock market on December 6, 2022.