Oil-Dri Corporation Announces Exciting Dividend Updates
Oil-Dri Corporation's Latest Dividend Announcements
The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) recently declared quarterly cash dividends that reflect the company's consistent commitment to its shareholders. The dividends are set at $0.155 per share for Common Stock and $0.1165 per share for Class B Stock. This move is part of the broader strategy to maintain shareholder value while preparing for an upcoming stock split.
Impact of Upcoming Stock Split on Shareholder Value
The expected stock split, designed to enhance stock liquidity, will allow shareholders to receive one additional share of Common Stock and one additional share of Class B Stock for each share held on the record date. This approach not only rewards existing shareholders but also symbolizes Oil-Dri's bullish outlook on its growth and performance.
Dividend Payment Schedule and Historical Significance
The cash dividends will be paid to stockholders for record by mid-February. Oil-Dri has a remarkable history when it comes to dividends; the company has consistently paid out dividends since 1974, showcasing a strong record of growth with annual increases over the past twenty-one years. This steadfast reliability reflects Oil-Dri's strategic planning and market positioning.
Upcoming Financial Announcement and Shareholder Engagement
Oil-Dri will announce its financial performance for the second quarter soon, aiming to keep its investors well-informed about its trajectory. The company has scheduled a live webcast discussion, allowing investors to engage directly with management. This initiative underscores Oil-Dri's dedication to transparent communication and investor relations.
About Oil-Dri Corporation
Oil-Dri Corporation of America is a top-tier manufacturer and supplier of specialty sorbent products catering to various sectors including pet care, agriculture, and automotive markets. With over 80 years of industry experience, Oil-Dri efficiently manages its operations through a vertically integrated supply chain. The company's dedication to innovation enables it to Create Value from Sorbent Minerals, fortifying its position as a leader in its field.
Frequently Asked Questions
What are the recent dividend amounts declared by Oil-Dri Corporation?
The Board declared quarterly cash dividends of $0.155 per share for Common Stock and $0.1165 per share for Class B Stock.
When will the dividends be payable?
Dividends will be payable on March 7, 2025, to stockholders of record as of February 21, 2025.
What is the significance of the upcoming stock split?
The two-for-one stock split is aimed at increasing liquidity for shareholders and is coupled with additional shares distributed to stockholders, enhancing their overall value.
How long has Oil-Dri been paying dividends?
Oil-Dri has paid cash dividends without interruption since 1974 and has consistently increased them for 21 consecutive years.
How can investors stay informed about Oil-Dri’s financial performance?
Investors can participate in a live webcast discussion scheduled for March 12, 2025, to hear directly from management about the company’s performance.
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