Oil-Dri Board of Directors Declares Quarterly Dividends

Rhea-AI Summary

The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) announced a quarterly cash dividend of $0.26 per share for Common Stock and $0.195 per share for Class B Stock. These dividends will be payable on February 26, 2021, to shareholders on record as of February 12, 2021. Oil-Dri has a longstanding history of continuous cash dividends since 1974 and has raised its dividend annually for 17 consecutive years. The company plans to release its earnings report for the second quarter of fiscal 2021 on March 11, 2021.

Positive

• Quarterly cash dividends of $0.26 (Common) and $0.195 (Class B) indicate financial stability.
• Continuous dividend payments since 1974 demonstrate strong shareholder confidence.
• Seventeen consecutive years of annual dividend increases highlight consistent growth.

Negative

• None.

CHICAGO, Dec. 09, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) yesterday declared quarterly cash dividends of $0.26 per share of the Company’s Common Stock and $0.195 per share of the Company’s Class B Stock.

The dividends declared will be payable on February 26, 2021 to stockholders of record at the close of business on February 12, 2021. The Company has paid cash dividends continuously since 1974 and has increased dividends annually for seventeen consecutive years.

The Company expects to release earnings for its second quarter of fiscal 2021 after the close of the U.S. stock market on Thursday, March 11, 2021 and to host an Investor Teleconference on Friday, March 12, 2021. Teleconference participation details will be communicated via web alert and posted on the Events page of the Company’s website approximately one week prior to the call.

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 75 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.

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FAQ

What is the dividend amount for Oil-Dri Corporation of America (ODC)?

The dividend amount for Common Stock is $0.26 per share and $0.195 per share for Class B Stock.

When will the dividends for ODC be payable?

The dividends will be payable on February 26, 2021.

What is the record date for ODC's dividend payment?

The record date for the dividend payment is February 12, 2021.

How long has Oil-Dri Corporation of America (ODC) been paying dividends?

Oil-Dri Corporation has been paying cash dividends continuously since 1974.

How many years has ODC increased its dividends annually?

Oil-Dri Corporation has increased its dividends annually for 17 consecutive years.