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

Oil-Dri Co. of America (NYSE:ODC) declared a quarterly dividend on Wednesday, March 12th, RTT News reports. Shareholders of record on Friday, May 9th will be given a dividend of 0.155 per share by the specialty chemicals company on Friday, May 23rd. This represents a $0.62 dividend on an annualized basis and a yield of 1.25%.

Oil-Dri Co. of America has raised its dividend payment by an average of 4.2% per year over the last three years and has increased its dividend annually for the last 11 consecutive years.

Oil-Dri Co. of America Stock Up 8.6 %

Shares of ODC opened at $49.52 on Thursday. The stock has a market cap of $722.74 million, a price-to-earnings ratio of 16.00 and a beta of 0.44. The company has a quick ratio of 1.61, a current ratio of 2.63 and a debt-to-equity ratio of 0.20. Oil-Dri Co. of America has a 12 month low of $29.47 and a 12 month high of $49.72. The company has a 50-day moving average price of $43.29 and a two-hundred day moving average price of $28.05.

Oil-Dri Co. of America (NYSE:ODC) last issued its quarterly earnings results on Tuesday, March 11th. The specialty chemicals company reported $0.89 earnings per share for the quarter. Oil-Dri Co. of America had a net margin of 9.92% and a return on equity of 21.84%. The business had revenue of $116.91 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research report on Friday, February 28th.

Insider Transactions at Oil-Dri Co. of America

In related news, Director Amy Ryan sold 2,100 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $41.78, for a total value of $87,738.00. Following the completion of the transaction, the director now owns 3,900 shares of the company’s stock, valued at $162,942. This represents a 35.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher B. Lamson sold 3,154 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $42.75, for a total transaction of $134,833.50. Following the completion of the transaction, the vice president now directly owns 70,796 shares of the company’s stock, valued at approximately $3,026,529. The trade was a 4.27 % decrease in their position. The disclosure for this sale can be found here. 11.66% of the stock is owned by company insiders.

Oil-Dri Co. of America Company Profile

Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.