Oil-Dri Co. of America (NYSE:ODC) announced a quarterly dividend on Wednesday, March 13th, Wall Street Journal reports. Investors of record on Friday, May 17th will be paid a dividend of 0.24 per share by the specialty chemicals company on Friday, May 31st. This represents a $0.96 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Thursday, May 16th.
Oil-Dri Co. of America has raised its dividend payment by an average of 4.7% annually over the last three years and has raised its dividend annually for the last 16 consecutive years.
Shares of ODC opened at $31.44 on Wednesday. Oil-Dri Co. of America has a 1-year low of $24.25 and a 1-year high of $46.73. The stock has a market cap of $233.14 million, a P/E ratio of 24.47 and a beta of 0.96. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.65 and a quick ratio of 1.74.
Separately, ValuEngine lowered shares of Oil-Dri Co. of America from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th.
A hedge fund recently raised its stake in Oil-Dri Co. of America stock. Geode Capital Management LLC boosted its stake in shares of Oil-Dri Co. of America (NYSE:ODC) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,678 shares of the specialty chemicals company’s stock after buying an additional 2,164 shares during the quarter. Geode Capital Management LLC owned approximately 0.57% of Oil-Dri Co. of America worth $1,130,000 as of its most recent SEC filing. 51.75% of the stock is currently owned by institutional investors and hedge funds.
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About Oil-Dri Co. of America
Oil-Dri Corporation of America develops, manufactures, and markets sorbent products in the United States and internationally. It operates through two segments, Retail and Wholesale Products Group, and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products, which serve as chemical carriers, drying agents, and growing media under the Agsorb, Verge, Flo-Fre, and Terra-Green brand names.
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