Media stories about Oil-Dri Corporation Of America (NYSE:ODC) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Oil-Dri Corporation Of America earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave news headlines about the specialty chemicals company an impact score of 46.5633521892062 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Separately, BidaskClub raised Oil-Dri Corporation Of America from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th.
Shares of Oil-Dri Corporation Of America (NYSE ODC) opened at 40.68 on Tuesday. The company’s 50 day moving average price is $45.08 and its 200-day moving average price is $41.04. The company has a market capitalization of $296.80 million, a price-to-earnings ratio of 27.67 and a beta of 1.12. Oil-Dri Corporation Of America has a 52 week low of $31.35 and a 52 week high of $50.82.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be given a $0.23 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.92 annualized dividend and a yield of 2.26%. Oil-Dri Corporation Of America’s payout ratio is 62.16%.
In related news, insider Daniel S. Jaffee sold 6,390 shares of the stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $41.10, for a total value of $262,629.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Allan H. Selig acquired 1,500 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was acquired at an average price of $42.16 per share, with a total value of $63,240.00. The disclosure for this purchase can be found here. Corporate insiders own 13.86% of the company’s stock.
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Oil-Dri Corporation Of America Company Profile
Oil-Dri Corporation of America is engaged in developing, manufacturing and/or marketing sorbent products. The Company operates through two segments: Retail and Wholesale Products Group, and Business to Business Products Group. The Retail and Wholesale Products Group’s customers include mass merchandisers, wholesale clubs, drugstore chains, dollar stores, distributors of industrial cleanup and automotive products, environmental service companies and sports field product users.
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