Oil-Dri Corporation Of America (NYSE:ODC) Raises Dividend to $0.23 Per Share

Oil-Dri Corporation Of America (NYSE:ODC) announced a quarterly dividend on Wednesday, June 3rd. Investors of record on Friday, August 7th will be paid a dividend of 0.225 per share by the specialty chemicals company on Friday, August 21st. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 7th. This is a 9.8% increase from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.21.

Oil-Dri Corporation Of America has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 11 consecutive years.

Oil-Dri Corporation Of America Stock Performance

Shares of ODC stock opened at $77.14 on Thursday. The business’s 50 day simple moving average is $72.70 and its 200 day simple moving average is $62.78. Oil-Dri Corporation Of America has a one year low of $45.61 and a one year high of $79.57. The stock has a market capitalization of $1.12 billion, a PE ratio of 20.90 and a beta of 0.81. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.45 and a quick ratio of 2.40.

Oil-Dri Corporation Of America Company Profile

Oil-Dri Corporation of America is a specialty materials company that develops, manufactures and markets sorbent and filtration products for industrial, environmental and consumer applications. Its flagship offerings include clay- and diatomaceous earth–based cat litters, calcium silicate absorbents for spill control and cleanup, and purification media designed to remove contaminants from petroleum, chemical and food-processing streams.

Founded in 1941 and headquartered in Chicago, Illinois, the company has evolved from a single-product operation into a diversified provider of mineral- and chemical-based solutions.