Oil-Dri Co. of America (NYSE:ODC) to Issue Quarterly Dividend of $0.16

Oil-Dri Co. of America (NYSE:ODC) announced a quarterly dividend on Wednesday, March 12th, RTT News reports. Shareholders of record on Friday, May 9th will be paid a dividend of 0.155 per share by the specialty chemicals company on Friday, May 23rd. This represents a $0.62 annualized dividend and a yield of 1.25%.

Oil-Dri Co. of America has raised its dividend by an average of 4.2% per year over the last three years and has increased its dividend annually for the last 11 consecutive years.

Oil-Dri Co. of America Stock Performance

Shares of NYSE:ODC opened at $49.52 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.63 and a quick ratio of 1.61. The business’s 50 day moving average price is $43.29 and its 200-day moving average price is $28.05. The firm has a market capitalization of $722.74 million, a PE ratio of 16.00 and a beta of 0.44. Oil-Dri Co. of America has a 1 year low of $29.47 and a 1 year high of $49.72.

Oil-Dri Co. of America (NYSE:ODC) last posted its quarterly earnings data on Tuesday, March 11th. The specialty chemicals company reported $0.89 earnings per share (EPS) for the quarter. The firm had revenue of $116.91 million for the quarter. Oil-Dri Co. of America had a return on equity of 21.84% and a net margin of 9.92%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research report on Friday, February 28th.

Insider Buying and Selling

In other news, Director Amy Ryan sold 2,100 shares of Oil-Dri Co. of America stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $41.78, for a total transaction of $87,738.00. Following the sale, the director now directly owns 3,900 shares of the company’s stock, valued at approximately $162,942. The trade was a 35.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher B. Lamson sold 3,154 shares of Oil-Dri Co. of America stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $42.75, for a total value of $134,833.50. Following the completion of the transaction, the vice president now owns 70,796 shares of the company’s stock, valued at approximately $3,026,529. The trade was a 4.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.66% of the company’s stock.

Oil-Dri Co. 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.