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

Oil-Dri Co. of America (NYSE:ODC - Get Free Report) announced a quarterly dividend on Wednesday, March 12th, RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.25%.

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

Oil-Dri Co. of America Trading Up 8.6 %

ODC traded up $3.93 during trading on Wednesday, hitting $49.52. The company's stock had a trading volume of 108,836 shares, compared to its average volume of 39,867. Oil-Dri Co. of America has a twelve month low of $29.47 and a twelve month high of $49.68. The firm's 50 day moving average price is $43.17 and its 200-day moving average price is $27.90. 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 stock has a market cap of $722.74 million, a PE ratio of 16.00 and a beta of 0.44.

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

Insider Activity

In other Oil-Dri Co. of America news, VP Christopher B. Lamson sold 3,154 shares of the business's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $42.75, for a total transaction of $134,833.50. Following the completion of the transaction, the vice president now directly owns 70,796 shares of the company's stock, valued at $3,026,529. The trade was a 4.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Amy Ryan sold 2,100 shares of Oil-Dri Co. of America stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $41.78, for a total value of $87,738.00. Following the sale, the director now directly owns 3,900 shares in the company, valued at $162,942. The trade was a 35.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.66% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Oil-Dri Co. of America from a "buy" rating to a "hold" rating in a report on Friday, February 28th.

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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.

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