ODC - Oil-Dri Doubles its Historical Dividend Increase and Marks 21st Consecutive Year of Dividend Increases | Benzinga
CHICAGO, June 05, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Oil-Dri Corporation of America (NYSE:ODC) today declared quarterly cash dividends of $0.31 per share of the Company's Common Stock and $0.233 per share of the Company's Class B Stock, an approximate 7% increase for both classes of stock.
This declaration marks the 21st consecutive year the Company has increased dividends. Oil-Dri has paid cash dividends continuously since 1974, and historically has increased quarterly cash dividends by $0.01 per share of Common Stock on an annual basis. However, as a result of the Company's strong financial performance and confidence in its future growth, today the Board of Directors approved a $0.02 per share increase in the quarterly cash dividend.
The dividends declared will be payable on August 23, 2024 to stockholders of record at the close of business on August 9, 2024.
The Company's press release outlining its performance for the third quarter of fiscal year 2024 will be issued after the close of the U.S. stock market on Thursday, June 6, 2024. Oil-Dri will host an earnings discussion via ...