Oil-Dri Board of Directors Declares Quarterly Dividends

Rhea-AI Summary

The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) has declared quarterly cash dividends of $0.27 per share for Common Stock and $0.2025 for Class B Stock. These dividends will be payable on November 26, 2021, to stockholders on record as of November 12, 2021. Notably, Oil-Dri has consistently paid dividends since 1974, increasing them annually for eighteen consecutive years. The company plans to announce its first quarter earnings of fiscal 2022 on December 7, 2021, with a virtual earnings discussion on December 8, 2021.

Positive

• Cash dividends of $0.27 per share for Common Stock and $0.2025 for Class B Stock declared.
• Continuous cash dividends paid since 1974, demonstrating financial stability.
• Annual dividend increases for eighteen consecutive years show commitment to shareholder returns.

Negative

• None.

CHICAGO, Oct. 14, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) yesterday declared quarterly cash dividends of $0.27 per share of the Company’s Common Stock and $0.2025 per share of the Company’s Class B Stock.

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

Oil-Dri expects to release earnings for its first quarter of fiscal 2022 after the close of the U.S. stock market on Tuesday, December 7, 2021.

Due to the ongoing public health concerns related to the coronavirus (COVID-19) pandemic, Oil-Dri will host its first quarter fiscal 2022 earnings discussion and its Annual Meeting of Stockholders virtually via a live webcast on Wednesday, December 8, 2021 at 9:30 am Central Time. The record date for voting eligibility at the Annual Meeting was Monday, October 11, 2021.

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 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 current dividend amount for Oil-Dri Corporation (ODC)?

The dividend amount declared is $0.27 per share for Common Stock and $0.2025 for Class B Stock.

When is the dividend payment date for Oil-Dri Corporation (ODC)?

The dividends will be payable on November 26, 2021.

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

Oil-Dri Corporation has paid cash dividends continuously since 1974.

When will Oil-Dri Corporation (ODC) announce its next earnings report?

The next earnings report will be announced on December 7, 2021.

Will Oil-Dri Corporation (ODC) hold a meeting for shareholders?

Yes, Oil-Dri will host its Annual Meeting of Stockholders virtually on December 8, 2021.