Oil-Dri Declares Cash Dividends and Outlines Future Plans
Oil-Dri Corporation's Commitment to Shareholder Value
Oil-Dri Corporation of America (NYSE: ODC) is pleased to announce that its Board of Directors has declared quarterly cash dividends of $0.155 per share for Common Stock and $0.1165 per share for Class B Stock. This decision underscores Oil-Dri's continued dedication to enhancing shareholder value through consistent dividend payouts.
Dividend Payment Schedule
The dividends will be payable on May 23 to shareholders recorded as of May 9. Since its foundation, Oil-Dri has an impressive track record of paying cash dividends without interruption since 1974, showcasing its robust business model and commitment to rewarding its investors. Notably, the company has actively increased its dividends each year for the past twenty-one consecutive years, making a mark as a reliable investment opportunity.
Looking Ahead: Upcoming Earnings Discussion
In addition to the dividends announcement, Oil-Dri is set to release its performance report for the third quarter of the fiscal year. This report will be made available after the U.S. stock market closes, with further details published on June 5. Subsequently, Oil-Dri will host a live earnings discussion on June 6 at 10:00 a.m. Central Time, providing an interactive platform for stakeholders to engage with the company's management. Specific participation details will be forthcoming on the company’s events page about a week prior to the discussion.
About Oil-Dri Corporation of America
With over 80 years in business, Oil-Dri has established itself as a leading manufacturer of specialty sorbent products across various sectors including pet care, animal health, and agriculture. The company's vertical integration allows it to manage every facet of production, from R&D to marketing. Known for its mission to Create Value from Sorbent Minerals, Oil-Dri continues to innovate and expand its product offerings to meet the evolving needs of the market.
Connecting with Oil-Dri
Investor Relations Contact
For inquiries regarding investments or company performance, you can reach out to Leslie A. Garber, Director of Investor Relations, at Oil-Dri Corporation of America. Email correspondence can be directed to InvestorRelations@oildri.com, or you can contact the office at (312) 321-1515 for direct communication.
Frequently Asked Questions
What is the declared dividend per share for common stock?
The declared dividend is $0.155 per share for the Company's Common Stock.
When will the dividends be paid out to shareholders?
The dividends will be payable on May 23 to shareholders on record as of May 9.
How long has Oil-Dri been paying cash dividends?
Oil-Dri has been paying cash dividends without interruption since 1974.
What is the focus of the upcoming earnings discussion?
The earnings discussion will cover the Company’s performance for the third quarter and future business strategies.
How can I contact the investor relations department?
You can contact Leslie A. Garber at InvestorRelations@oildri.com or call (312) 321-1515 for inquiries.
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