Oil-Dri sets dividends for common and class B stock

CHICAGO - Oil-Dri Corporation of America (NYSE:ODC) has announced the declaration of quarterly cash dividends for both its Common Stock and Class B Stock. The dividends, announced today, are set at $0.155 per share for Common Stock and $0.1165 per share for Class B Stock, payable on May 23, 2025, to shareholders on record as of May 9, 2025. The company currently offers a dividend yield of 1.36%, with the stock trading near its 52-week high at $49.64.

This marks a continuation of Oil-Dri’s long-standing practice of distributing dividends, which has been maintained annually since 1974. According to InvestingPro, the company has maintained dividend payments for 51 consecutive years and has raised its dividend for 11 consecutive years, with a recent dividend growth rate of 6.9%. InvestingPro analysis reveals 8 additional key insights about Oil-Dri’s financial strength and growth potential.

The company is scheduled to release its third-quarter earnings report for the fiscal year 2025 after the U.S. stock market closes on Thursday, June 5, 2025. The company has demonstrated strong financial performance, with a return on equity of 20% and revenue growth of 8.24% in the last twelve months. Following the earnings release, Oil-Dri will host a live webcast for an earnings discussion on Friday, June 6, 2025, at 10:00 a.m. Central Time. Details for participation in the webcast will be made available on the company’s website approximately one week before the event.

Oil-Dri Corporation of America is recognized as a leading manufacturer and supplier in various markets, including pet care, animal health, fluids purification, and industrial applications. With a market capitalization of $720 million and a strong current ratio of 2.86, InvestingPro data shows the company maintains robust financial health with moderate debt levels. The company’s vertical integration allows it to control the entire process from research and development to marketing and sales, emphasizing its mission to create value from sorbent minerals.

Investors are advised to approach forward-looking statements with caution, as they involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These statements are based on current management expectations and are subject to change. For comprehensive analysis and detailed insights, investors can access Oil-Dri’s complete financial health assessment and Fair Value analysis through the Pro Research Report available on InvestingPro.

The information provided in this article is based on a press release statement from Oil-Dri Corporation of America.

In other recent news, Oil-Dri Corporation of America reported a strong performance in the second quarter of fiscal year 2025, with significant growth in its fluids purification and animal health product segments. The company’s earnings per share increased by 5% year-over-year to $0.89, while gross margins improved by 11% over the same period. Oil-Dri generated $22 million in EBITDA and successfully paid off $5 million in short-term debt. The company is also focusing on expanding its market presence in Latin America by 2026-2027 and investing in data analytics and AI capabilities to drive future growth.

Additionally, Oil-Dri has been actively exploring mergers and acquisitions as part of its growth strategy. The company has emphasized its commitment to maintaining strong operational efficiency and is monitoring potential impacts from tariff changes and natural gas price volatility. CEO Dan Joffe highlighted the company’s innovative approach, particularly in leveraging data analytics to enhance business operations. Furthermore, Oil-Dri’s strategic investments in manufacturing infrastructure are aimed at supporting its long-term growth objectives, with a focus on expanding capacity and operational efficiency.

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