Oil-Dri Co. of America (NYSE:ODC) announced a quarterly dividend on Thursday, October 18th, Wall Street Journal reports. Stockholders of record on Friday, November 16th will be paid a dividend of 0.24 per share by the specialty chemicals company on Friday, November 30th. This represents a $0.96 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Thursday, November 15th.
Oil-Dri Co. of America has raised its dividend payment by an average of 4.9% per year over the last three years and has increased its dividend every year for the last 15 years.
Shares of Oil-Dri Co. of America stock traded down $0.58 during trading on Thursday, reaching $28.77. The company’s stock had a trading volume of 23,900 shares, compared to its average volume of 9,954. The stock has a market capitalization of $218.39 million, a price-to-earnings ratio of 16.40 and a beta of 0.98. Oil-Dri Co. of America has a fifty-two week low of $27.81 and a fifty-two week high of $46.73. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.68 and a quick ratio of 1.96.
Oil-Dri Co. of America (NYSE:ODC) last announced its earnings results on Friday, October 12th. The specialty chemicals company reported $0.36 EPS for the quarter. The business had revenue of $65.61 million for the quarter. Oil-Dri Co. of America had a net margin of 3.10% and a return on equity of 10.35%.
A number of equities analysts have recently weighed in on ODC shares. TheStreet cut shares of Oil-Dri Co. of America from a “b-” rating to a “c” rating in a research note on Thursday, October 18th. ValuEngine cut shares of Oil-Dri Co. of America from a “hold” rating to a “sell” rating in a research note on Tuesday, September 11th.
In other news, Chairman Daniel S. Jaffee sold 8,435 shares of the company’s stock in a transaction dated Thursday, October 18th. The shares were sold at an average price of $31.67, for a total transaction of $267,136.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Allan H. Selig acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, October 16th. The shares were bought at an average cost of $30.67 per share, with a total value of $30,670.00. Following the purchase, the director now owns 34,100 shares in the company, valued at $1,045,847. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 1,860 shares of company stock worth $56,307 and sold 19,803 shares worth $622,426. 9.04% of the stock is owned by insiders.
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.
Featured Article: Return on Equity (ROE)