CHICAGO - Oil-Dri Corporation of America (NYSE:ODC) announced today that its Board of Directors has declared quarterly cash dividends of $0.29 per share for Common Stock and $0.218 per share for Class B Stock. These dividends are scheduled to be paid on May 24, 2024, to shareholders on record as of May 10, 2024.
This marks a continuation of the company's long-standing practice of distributing dividends, which has been consistent annually since 1974 and has included annual increases for the past twenty years.
The company, a leading manufacturer and supplier of specialty sorbent products, also revealed that it will release its second quarter fiscal year 2024 performance report after the U.S. stock market closes on Thursday, March 7, 2024. Following the earnings release, Oil-Dri will conduct a live webcast for an earnings discussion at 10:00 a.m. Central Time on Friday, March 8, 2024. Participation details for this webcast are available on the company's website under the Events page.
Oil-Dri's diverse product portfolio serves various markets, including pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial, and automotive sectors. The company prides itself on vertical integration, managing the entire process from research and development to marketing and sales, which it believes contributes to operational efficiency.
While the press release contains forward-looking statements regarding the company's expectations, estimates, and projections, it also cautions investors about potential risks and uncertainties that could cause actual results to differ. These forward-looking statements are made within the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.