Oil-Dri Co. of America (NYSE:ODC) announced a quarterly dividend on Wednesday, June 12th, Zacks reports. Shareholders of record on Friday, August 16th will be paid a dividend of 0.25 per share by the specialty chemicals company on Friday, August 30th. This represents a $1.00 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Thursday, August 15th. This is an increase from Oil-Dri Co. of America’s previous quarterly dividend of $0.24.
Oil-Dri Co. of America has increased its dividend by an average of 4.7% per year over the last three years and has raised its dividend every year for the last 16 years.
ODC stock traded up $0.45 during mid-day trading on Tuesday, hitting $33.14. The company had a trading volume of 2,041 shares, compared to its average volume of 3,855. The company has a market capitalization of $248.48 million, a P/E ratio of 21.51 and a beta of 1.06. Oil-Dri Co. of America has a 12-month low of $24.25 and a 12-month high of $42.14. The company has a quick ratio of 1.91, a current ratio of 2.76 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average price is $33.97.
A number of research firms have recently weighed in on ODC. TheStreet upgraded shares of Oil-Dri Co. of America from a “c+” rating to a “b-” rating in a report on Tuesday, July 9th. ValuEngine downgraded shares of Oil-Dri Co. of America from a “hold” rating to a “sell” rating in a report on Thursday, July 11th.
In other Oil-Dri Co. of America news, Director Paul Hindsley bought 2,788 shares of Oil-Dri Co. of America stock in a transaction dated Monday, June 24th. The shares were purchased at an average cost of $30.29 per share, for a total transaction of $84,448.52. Following the acquisition, the director now directly owns 2,126 shares in the company, valued at approximately $64,396.54. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 9.04% of the company’s stock.
Oil-Dri Co. of America Company Profile
Oil-Dri Corporation of America develops, manufactures, and markets sorbent products in the United States and internationally. It operates through 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, which serve as chemical carriers, drying agents, and growing media under the Agsorb, Verge, Flo-Fre, and Terra-Green brand names.
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