Oil-Dri Corporation Of America (NYSE:ODC) Raises Dividend to $0.21 Per Share

Oil-Dri Corporation Of America (NYSE:ODC) announced a quarterly dividend on Wednesday, December 10th. Stockholders of record on Friday, February 20th will be paid a dividend of 0.205 per share by the specialty chemicals company on Friday, March 6th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, February 20th. This is a 13.9% increase from Oil-Dri Corporation Of America’s previous quarterly dividend of $0.18.

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

Oil-Dri Corporation Of America Stock Up 6.3%

Shares of NYSE:ODC traded up $2.99 during trading on Thursday, hitting $50.66. The company’s stock had a trading volume of 35,883 shares, compared to its average volume of 54,329. The company has a market capitalization of $741.66 million, a PE ratio of 13.92 and a beta of 0.75. Oil-Dri Corporation Of America has a fifty-two week low of $40.66 and a fifty-two week high of $69.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.82 and a current ratio of 3.34. The stock’s 50-day moving average price is $56.73 and its two-hundred day moving average price is $58.24.

Oil-Dri Corporation Of America (NYSE:ODC) last issued its quarterly earnings data on Monday, December 8th. The specialty chemicals company reported $1.06 earnings per share for the quarter. Oil-Dri Corporation Of America had a return on equity of 21.06% and a net margin of 11.10%.The firm had revenue of $120.49 million during the quarter. During the same quarter last year, the business earned $2.25 EPS.

Oil-Dri Corporation Of America Company Profile

Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.