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

Oil-Dri Co. of America (NYSE:ODC) declared a quarterly dividend on Wednesday, December 11th,RTT News reports. Shareholders of record on Friday, February 21st will be paid a dividend of 0.155 per share by the specialty chemicals company on Friday, March 7th. This represents a $0.62 dividend on an annualized basis and a yield of 0.72%.

Oil-Dri Co. of America has increased its dividend payment by an average of 3.8% per year over the last three years and has raised its dividend every year for the last 11 years.

Oil-Dri Co. of America Price Performance

Shares of ODC traded up $5.14 during mid-day trading on Wednesday, reaching $85.74. The company had a trading volume of 62,540 shares, compared to its average volume of 19,312. The company’s 50-day moving average is $69.21 and its 200-day moving average is $67.87. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.21 and a quick ratio of 1.39. The company has a market capitalization of $625.04 million, a P/E ratio of 15.76 and a beta of 0.58. Oil-Dri Co. of America has a twelve month low of $58.95 and a twelve month high of $87.56.

Oil-Dri Co. of America (NYSE:ODC) last issued its earnings results on Thursday, October 10th. The specialty chemicals company reported $1.17 EPS for the quarter. The company had revenue of $113.70 million for the quarter. Oil-Dri Co. of America had a net margin of 9.01% and a return on equity of 20.06%.

Insider Activity

In other Oil-Dri Co. of America news, VP Laura G. Scheland sold 2,500 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $69.27, for a total transaction of $173,175.00. Following the sale, the vice president now owns 15,340 shares of the company’s stock, valued at $1,062,601.80. This represents a 14.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.66% of the stock is currently owned by corporate insiders.

Oil-Dri Co. of America Company Profile

Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in two segments, Retail and Wholesale Products Group, and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products that serve as carriers for biological and chemical active ingredients, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.