Oil-Dri Co. of America (ODC) to Issue Quarterly Dividend of $0.16 on March 7th

Oil-Dri Co. of America (NYSE:ODC) announced a quarterly dividend on Wednesday, December 11th,RTT News reports. Investors 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 yield of 1.43%. The ex-dividend date of this dividend is Friday, February 21st.

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

Oil-Dri Co. of America Stock Up 1.3 %

Shares of NYSE ODC opened at $43.48 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.63 and a quick ratio of 1.61. Oil-Dri Co. of America has a 1 year low of $29.47 and a 1 year high of $46.50. The company has a market capitalization of $634.79 million, a price-to-earnings ratio of 14.05 and a beta of 0.52. The business has a 50-day moving average of $39.01 and a two-hundred day moving average of $24.71.

Oil-Dri Co. of America (NYSE:ODC) last released its quarterly earnings data on Monday, December 9th. The specialty chemicals company reported $0.56 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%.

Insiders Place Their Bets

In other Oil-Dri Co. of America news, Director Amy Ryan sold 2,100 shares of Oil-Dri Co. of America stock in a transaction 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 transaction, the director now directly owns 3,900 shares in the company, valued at approximately $162,942. The trade was a 35.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Christopher B. Lamson sold 3,154 shares of the company’s stock in a transaction dated 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 sale, the vice president now directly owns 70,796 shares of the company’s stock, valued at $3,026,529. The trade was a 4.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th.

About Oil-Dri Co. of America

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.