Oil-Dri Increases Dividends for 20th Consecutive Year
08 Junho 2023 - 5:41PM
The Board of Directors of Oil-Dri Corporation of America (NYSE:
ODC) yesterday declared quarterly cash dividends of $0.29 per
share of the Company’s Common Stock and $0.218 per share of the
Company’s Class B Stock, an approximate 4% increase for both
classes of stock.
The dividends declared will be payable on August
25, 2023 to stockholders of record at the close of business on
August 11, 2023. The Company has paid cash dividends continuously
since 1974. This declaration marks the twentieth consecutive year
Oil-Dri has increased dividends.
Based on the increased declared dividend and
today’s closing price of $40.55, the dividend yield on Common Stock
is 2.9%.
The Company will host an earnings discussion for
its third quarter of fiscal 2023 via webcast on Friday, June 9,
2023. Participation details are posted on the Events page of the
Company’s website.
The Company expects to release earnings for its
fourth quarter of fiscal 2023 after the close of the U.S. stock
market on Thursday, October 12, 2023 and to host an earnings
discussion via webcast on Friday, October 13, 2023. Approximately
one week prior to the call, participation details will be posted on
the Events page of the Company’s website.
Oil-Dri Corporation of America is a leading
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. Oil-Dri is vertically integrated which enables the Company
to efficiently oversee every step of the process from research and
development to supply chain to marketing and sales. With over 80
years of experience, the Company continues to fulfill its mission
to Create Value from Sorbent Minerals. To learn more about the
Company, visit oildri.com.
Contact:Leslie A. GarberManager of Investor
RelationsOil-Dri Corporation of
AmericaInvestorRelations@oildri.com(312) 321-1515
Oil Dri Corp of America (NYSE:ODC)
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