Oil-Dri Increases Dividends for 19th Consecutive Year

Rhea-AI Summary

The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) has declared quarterly cash dividends of $0.28 per share for Common Stock and $0.21 per share for Class B Stock, representing a 4% increase for both classes. The dividends will be payable on August 26, 2022, to stockholders of record by the close of business on August 12, 2022. This announcement marks the nineteenth consecutive year of increased dividends, with a current dividend yield of 4.3% based on a closing price of $25.51.

Positive

• Quarterly cash dividends increased by 4% for both Common and Class B Stock.
• Nineteenth consecutive year of dividend increases, showcasing company stability.
• Dividend yield of 4.3% based on current stock price.

Negative

• None.

CHICAGO, June 08, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) today 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, an approximate 4% increase for both classes of stock.

The dividends declared will be payable on August 26, 2022 to stockholders of record at the close of business on August 12, 2022. The Company has paid cash dividends continuously since 1974. This declaration marks the nineteenth consecutive year Oil-Dri has increased dividends.

Based on the increased declared dividend and today’s closing price of $25.51, the dividend yield on Common Stock is 4.3%.

The Company expects to release earnings for its fourth quarter of fiscal 2022 after the close of the U.S. stock market on Thursday, October 13, 2022 and to host an earnings discussion via webcast on Friday, October 14, 2022. Participation details will be 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 current dividend amount for ODC stock?

The current dividend amount for Oil-Dri Corporation of America (ODC) is $0.28 per share for Common Stock and $0.21 per share for Class B Stock.

When will the dividends for ODC be paid?

The dividends for Oil-Dri Corporation of America (ODC) will be payable on August 26, 2022.

How long has ODC been paying dividends?

Oil-Dri Corporation of America (ODC) has been paying cash dividends continuously since 1974.

What is the dividend yield for ODC stock?

The dividend yield for Oil-Dri Corporation of America (ODC) based on the latest closing price is 4.3%.

When is the next earnings release for ODC?

Oil-Dri Corporation of America (ODC) is expected to release its earnings for the fourth quarter of fiscal 2022 on October 13, 2022.