CHICAGO, June 08, 2022 (GLOBE NEWSWIRE) — The Board of Directors of Oil-Dri Corporation of America (NYSE:ODC) today declared quarterly cash dividends of $0.28 per share of the company’s common stock. and $0.21 per share of the Company’s Class B Share, an increase of approximately 4% for both classes of shares.
Dividends declared will be payable on August 26, 2022 to shareholders of record at the close of business on August 12, 2022. The Company has paid cash dividends continuously since 1974. This declaration marks the nineteenth consecutive year that Oil-Dri has increased its dividends.
Based on the increase in the declared dividend and today’s closing price of $25.51, the common stock dividend yield is 4.3%.
The Company plans to release its results for its fourth quarter of fiscal 2022 after the U.S. stock market closes on Thursday, October 13, 2022 and host an earnings discussion via webcast on Friday, October 14, 2022. Attendance details will be published on the Events page of the Society’s website about a week before the call.
Oil-Dri Corporation of America is a leading manufacturer and supplier of specialty absorbent products for pet care, animal health and nutrition, fluid purification, agricultural ingredients, athletic fields, markets industrial and automotive. Oil-Dri is vertically integrated, allowing the company to effectively oversee every step of the process, from research and development to supply chain, marketing and sales. With over 80 years of experience, the Company continues to fulfill its mission of creating value from absorbent minerals. To learn more about the Company, visit oildri.com.
Leslie A. Garber
Head of Investor Relations
Oil-Dri Corporation of America
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