Oil-Dri Co. of America Declares 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. Stockholders 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 annualized dividend and a dividend 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 increased its dividend every year for the last 11 years.

Oil-Dri Co. of America Trading Up 6.4 %

NYSE:ODC traded up $5.14 on Wednesday, hitting $85.74. 62,540 shares of the stock were exchanged, compared to its average volume of 19,312. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.39 and a current ratio of 2.21. Oil-Dri Co. of America has a 52 week low of $58.95 and a 52 week high of $87.56. The stock has a market capitalization of $625.04 million, a price-to-earnings ratio of 15.76 and a beta of 0.58. The company’s 50-day moving average price is $69.21 and its 200 day moving average price is $67.87.

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

Insider Buying and Selling at Oil-Dri Co. of America

In other Oil-Dri Co. of America news, VP Laura G. Scheland sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $69.27, for a total transaction of $173,175.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 11.66% of the company’s stock.

About Oil-Dri Co. of America

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.