Oil-Dri Corporation Of America (ODC) to Issue Quarterly Dividend of $0.23 on August 21st

Oil-Dri Corporation Of America (NYSE:ODC) declared a quarterly dividend on Wednesday, June 3rd. Investors of record on Friday, August 7th will be given a dividend of 0.225 per share by the specialty chemicals company on Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 7th. This is a 9.8% increase from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.20.

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

Oil-Dri Corporation Of America Stock Performance

ODC opened at $99.09 on Wednesday. The business has a 50 day moving average of $95.31 and a 200-day moving average of $76.98. The company has a quick ratio of 2.40, a current ratio of 3.28 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 25.47 and a beta of 0.78. Oil-Dri Corporation Of America has a 12-month low of $45.61 and a 12-month high of $107.00.

Oil-Dri Corporation Of America (NYSE:ODC) last issued its quarterly earnings data on Monday, June 8th. The specialty chemicals company reported $1.00 earnings per share (EPS) for the quarter. Oil-Dri Corporation Of America had a net margin of 11.35% and a return on equity of 20.53%. The firm had revenue of $126.33 million during the quarter. During the same quarter last year, the business earned $0.80 earnings per share.

About Oil-Dri Corporation Of America

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.