Oil-Dri Corp. (ODC) Raises Quarterly Dividend 6.9% to $0.31; 1.5% Yield

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Oil-Dri Doubles its Historical Dividend Increase andĀ Marks 21st Consecutive Year of Dividend Increases

June 5, 2024 4:17 PM EDT

CHICAGO, June 05, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) today declared quarterly cash dividends of $0.31 per share of the Companys Common Stock and $0.233 per share of the Companys Class B Stock, an approximate 7% increase for both classes of stock.

This declaration marks the 21st consecutive year the Company has increased dividends. Oil-Dri has paid cash dividends continuously since 1974, and historically has increased quarterly cash dividends by $0.01 per share of Common Stock on an annual basis. However, as a result of the Companys strong... More