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

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

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

Oil-Dri Co. of America Stock Performance

NYSE:ODC opened at $43.48 on Wednesday. The firm’s fifty day simple moving average is $39.01 and its 200-day simple moving average is $24.71. The company has a quick ratio of 1.61, a current ratio of 2.63 and a debt-to-equity ratio of 0.20. The stock has a market cap of $634.79 million, a PE ratio of 14.05 and a beta of 0.52. Oil-Dri Co. of America has a fifty-two week low of $29.47 and a fifty-two week high of $46.50.

Oil-Dri Co. of America (NYSE:ODC) last issued its earnings results 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%.

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

In other Oil-Dri Co. of America news, VP Christopher B. Lamson sold 3,154 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $42.75, for a total transaction of $134,833.50. Following the transaction, the vice president now owns 70,796 shares of the company’s stock, valued at $3,026,529. This represents a 4.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 completion of the sale, the director now directly owns 3,900 shares of the company’s stock, valued at approximately $162,942. This represents a 35.00 % decrease in their position. The disclosure for this sale can be found here. 11.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research report 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.