Oil-Dri Corporation Of America (ODC) to Issue $0.23 Quarterly Dividend
Oil-Dri Corporation Of America (NYSE:ODC) declared a quarterly dividend on Thursday, October 19th, Wall Street Journal reports. Stockholders of record on Friday, November 17th will be given a dividend of 0.23 per share by the specialty chemicals company on Friday, December 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Thursday, November 16th.
Oil-Dri Corporation Of America has increased its dividend payment by an average of 31.3% annually over the last three years and has raised its dividend annually for the last 14 consecutive years.
Oil-Dri Corporation Of America (NYSE ODC) traded up 0.19% on Thursday, hitting $42.76. 5,018 shares of the stock were exchanged. Oil-Dri Corporation Of America has a one year low of $31.35 and a one year high of $50.82. The company has a 50 day moving average of $44.74 and a 200 day moving average of $40.70. The stock has a market capitalization of $311.98 million, a P/E ratio of 29.09 and a beta of 1.12.
Separately, BidaskClub upgraded shares of Oil-Dri Corporation Of America from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th.
In other news, Director Allan H. Selig purchased 1,500 shares of the company’s stock in a transaction on Monday, October 16th. The shares were purchased at an average cost of $42.16 per share, with a total value of $63,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel S. Jaffee sold 6,390 shares of the company’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $41.10, for a total transaction of $262,629.00. The disclosure for this sale can be found here. Corporate insiders own 13.86% of the company’s stock.
Oil-Dri Corporation Of America Company Profile
Oil-Dri Corporation of America is engaged in developing, manufacturing and/or marketing sorbent products. The Company operates through two segments: Retail and Wholesale Products Group, and Business to Business Products Group. The Retail and Wholesale Products Group’s customers include mass merchandisers, wholesale clubs, drugstore chains, dollar stores, distributors of industrial cleanup and automotive products, environmental service companies and sports field product users.
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