Oil-Dri Co. of America (NYSE:ODC) Announces $0.31 Quarterly Dividend

by · The Cerbat Gem

Oil-Dri Co. of America (NYSE:ODC – Get Free Report) declared a quarterly dividend on Wednesday, October 9th, NASDAQ reports. Investors of record on Friday, November 8th will be paid a dividend of 0.31 per share by the specialty chemicals company on Friday, November 22nd. This represents a $1.24 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Friday, November 8th.

Oil-Dri Co. of America has increased its dividend by an average of 3.8% per year over the last three years and has increased its dividend every year for the last 11 years.

Oil-Dri Co. of America Stock Performance

NYSE ODC traded up $1.77 during trading on Thursday, reaching $66.97. 29,360 shares of the company’s stock were exchanged, compared to its average volume of 19,226. The stock has a market capitalization of $487.94 million, a P/E ratio of 11.01 and a beta of 0.59. The business has a 50 day moving average price of $66.30 and a 200-day moving average price of $69.35. Oil-Dri Co. of America has a fifty-two week low of $54.80 and a fifty-two week high of $87.32. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.06 and a quick ratio of 2.18.

Oil-Dri Co. of America shares are going to split on Friday, November 22nd. The 2-1 split was announced on Wednesday, October 9th. The newly issued shares will be distributed to shareholders after the closing bell on Thursday, November 21st.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd.

Check Out Our Latest Report on Oil-Dri Co. of America

Oil-Dri Co. of America Company Profile

(Get Free Report)

Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in two segments, Retail and Wholesale Products Group, and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products that serve as carriers for biological and chemical active ingredients, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.

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