Oil-Dri Increases Dividends for the 17th Year in a Row

Rhea-AI Summary

Oil-Dri Corporation (ODC) announced a quarterly cash dividend of $0.26 per share for Common Stock and $0.195 for Class B Stock, reflecting a 4% increase. The dividends will be payable on August 28, 2020, to stockholders of record by August 14, 2020. This marks the seventeenth consecutive annual dividend increase since 1974, showcasing the company’s commitment to returning value to shareholders. The earnings report for the fourth quarter of fiscal 2020 will be released on October 13, 2020, with an Investor Teleconference on October 14, 2020.

Positive

• Quarterly cash dividend of $0.26 (Common) and $0.195 (Class B) reflects 4% increase.
• Seventeenth consecutive year of increased dividends since 1974.
• Company has consistently paid cash dividends, demonstrating financial stability.

Negative

• None.

CHICAGO, June 09, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) today 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, a 4% increase for both classes of stock.

The dividends declared will be payable on August 28, 2020 to stockholders of record at the close of business on August 14, 2020. The Company has paid cash dividends continuously since 1974. This declaration marks the seventeenth consecutive year Oil-Dri has increased dividends.

The Company expects to release earnings for its fourth quarter of fiscal 2020 after the close of the U.S. stock market on Tuesday, October 13, 2020 and to host an Investor Teleconference on Wednesday, October 14, 2020. 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.

While Oil-Dri’s founding product was granular clay floor absorbents, it has since greatly diversified its portfolio. The Company’s mission to “Create Value from Sorbent Minerals” is supported by its wide array of consumer and business to business product offerings. To learn more about the Company, please visit www.oildri.com.

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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 for Oil-Dri Corporation (ODC) for Q3 2020?

The dividend amount declared for Q3 2020 is $0.26 per share for Common Stock and $0.195 per share for Class B Stock.

When will the dividends for ODC be paid?

The dividends will be payable on August 28, 2020.

What date is the record for shareholders to receive dividends from ODC?

Shareholders must be on record by August 14, 2020, to receive the dividends.

How many consecutive years has Oil-Dri Corporation (ODC) increased its dividends?

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

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

The next earnings report will be released on October 13, 2020.