Oil-Dri Board of Directors Declares Quarterly Dividends

Rhea-AI Summary

The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) declared quarterly cash dividends of $0.27 per share for Common Stock and $0.2025 per share for Class B Stock. These dividends will be paid on February 25, 2022 to stockholders of record as of February 11, 2022. Oil-Dri has consistently paid cash dividends since 1974, increasing them annually for eighteen consecutive years.

Earnings for the second quarter of fiscal 2022 will be released post-market on March 11, 2022, with a webcast discussion following on March 14, 2022.

Positive

• Declared quarterly cash dividends of $0.27 and $0.2025, reflecting consistent income for shareholders.
• Continuous cash dividend payments since 1974 demonstrate strong financial stability.
• Increased dividends annually for 18 consecutive years, indicating company confidence.

Negative

• None.

CHICAGO, Dec. 08, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) today 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 February 25, 2022 to stockholders of record at the close of business on February 11, 2022. The Company has paid cash dividends continuously since 1974 and has increased dividends annually for eighteen consecutive years.

The Company expects to release earnings for its second quarter of fiscal 2022 after the close of the U.S. stock market on Friday, March 11, 2022 and to host an earnings discussion via webcast on Monday, March 14, 2022. 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 ODC for February 2022?

Oil-Dri Corporation declared a dividend of $0.27 per share for Common Stock and $0.2025 per share for Class B Stock.

When will the dividends be paid to ODC shareholders?

The dividends will be payable on February 25, 2022.

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

Stockholders must be on record by February 11, 2022, to receive the dividends.

How long has ODC been paying dividends?

Oil-Dri has paid cash dividends continuously since 1974.

When will ODC release its earnings report for Q2 2022?

The earnings report for Q2 2022 will be released after the market closes on March 11, 2022.

What does Oil-Dri Corporation manufacture?

Oil-Dri is a leading manufacturer of specialty sorbent products for various markets including pet care and agriculture.