Oil-Dri Achieves Remarkable 22-Year Dividend Growth Streak

Oil-Dri Marks a Milestone in Dividend Growth

Chicago is home to Oil-Dri Corporation of America (NYSE: ODC), which recently celebrated its impressive 22nd consecutive year of dividend growth. The Board of Directors declared a significant increase of two and a half cents to the Company’s quarterly cash dividend per share. This means that shareholders will receive $0.18 per share of Common Stock and $0.135 for each share of the Class B Stock, effectively showing a 16% increase across both classes.

Commitment to Strong Financial Management

Since 1974, Oil-Dri has continuously paid cash dividends, which stands as a testament to the Company’s robust financial health and sound capital management strategies. This unwavering track record assures investors of Oil-Dri's dedication to delivering consistent returns and its capability to navigate market fluctuations.

Leadership Perspectives

Daniel S. Jaffee, the President and CEO of Oil-Dri, expressed, “This significant increase in our dividend reflects both our strong financial position and confidence in the Company’s future.” He emphasized that this initiative is not just a financial decision, but a commitment to enhancing shareholder value. Following the recent stock split, this increase serves to reinforce their mission of creating solid, long-term rewards for stockholders.

Upcoming Earnings Discussion

Oil-Dri is set to release its performance details for the latest quarter shortly, with expected announcements following the closing of the U.S. stock market. Following the release, the Company will host an earnings discussion via a live webcast. Specific details about participating in this event will be made available on their website closer to the date.

About Oil-Dri Corporation of America

Oil-Dri is a recognized leader in manufacturing and supplying specialty sorbent products. Their products serve various markets, including pet care, animal health, agricultural ingredients, and automotive markets. Distinctly vertically integrated, Oil-Dri effectively manages every phase of its operations from R&D to marketing, ensuring quality and efficiency.

Investing in the Future

With over 80 years of experience in the industry, Oil-Dri is dedicated to its aim to create value from sorbent minerals. The company understands the importance of being innovative and responsive to market needs while also maintaining sustainable practices. This focus not only positions Oil-Dri as a market leader but also enhances its appeal to investors looking for stable companies with a commitment to growth.

Contact Information

If you have any inquiries regarding the Company's operations or stock performance, you may reach out directly to Leslie A. Garber, the Director of Investor Relations at Oil-Dri Corporation. Email correspondence can be sent using the contact provided, or you can reach her at (312) 321-1515 for more immediate assistance.

Frequently Asked Questions

What is the recent dividend increase announced by Oil-Dri?

Oil-Dri announced a two and a half-cent increase in its quarterly cash dividend, resulting in $0.18 per share for Common Stock and $0.135 for Class B Stock.

How many years has Oil-Dri consistently paid dividends?

Oil-Dri has a proud history of continuous dividend payments since 1974, marking over 22 consecutive years of growth.

What does this dividend increase mean for investors?

The increase demonstrates Oil-Dri's strong financial position and its commitment to returning value to shareholders, signaling confidence in future growth.

Who is the CEO of Oil-Dri Corporation?

Daniel S. Jaffee is the President and CEO of Oil-Dri Corporation of America.

How can I learn more about Oil-Dri?

To learn more about Oil-Dri and its products, you can visit their website at oildri.com where further information is available.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.