Oil-Dri Board of Directors Declares Quarterly Dividends

Rhea-AI Summary

Oil-Dri Corporation of America (NYSE: ODC) has announced quarterly cash dividends of $0.28 per share for its Common Stock and $0.21 per share for Class B Stock, payable on February 24, 2023. Stockholders must be on record by the close of business on February 10, 2023. This marks the company's continuous dividends since 1974 and a history of annual increases for nineteen consecutive years. The firm will report its second-quarter earnings after market close on March 9, 2023, followed by a webcast on March 10, 2023.

Positive

• Quarterly cash dividend of $0.28 per share for Common Stock.
• Quarterly cash dividend of $0.21 per share for Class B Stock.
• Continuous dividend payments since 1974.
• Nineteen consecutive years of annual dividend increases.

Negative

• None.

CHICAGO, Dec. 08, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) yesterday 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 February 24, 2023 to stockholders of record at the close of business on February 10, 2023. The Company has paid cash dividends continuously since 1974 and has increased dividends annually for nineteen consecutive years.

The Company expects to release earnings for its second quarter of fiscal 2023 after the close of the U.S. stock market on Thursday, March 9, 2023 and to host an earnings discussion via webcast on Friday, March 10, 2023. Webcast participation details will be communicated via email 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 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 of America?

The declared dividend is $0.28 per share for Common Stock and $0.21 per share for Class B Stock.

When will the dividends be paid?

Dividends will be payable on February 24, 2023.

What is the record date for the dividends?

The record date for the dividends is February 10, 2023.

How long has Oil-Dri Corporation been paying dividends?

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

How many years has Oil-Dri Corporation increased dividends?

The company has increased its dividends annually for nineteen consecutive years.