Oil-Dri Corporation Of America (ODC) To Go Ex-Dividend on May 8th

Oil-Dri Corporation Of America (NYSE:ODC) declared a quarterly dividend on Thursday, March 12th. Shareholders of record on Friday, May 8th will be given a dividend of 0.205 per share by the specialty chemicals company on Friday, May 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, May 8th.

Oil-Dri Corporation Of America has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 11 consecutive years.

Oil-Dri Corporation Of America Stock Up 4.0%

Shares of ODC opened at $74.93 on Wednesday. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 20.31 and a beta of 0.82. Oil-Dri Corporation Of America has a 52 week low of $43.30 and a 52 week high of $75.41. The stock’s 50-day moving average price is $67.59 and its 200-day moving average price is $59.93. The company has a quick ratio of 2.40, a current ratio of 3.45 and a debt-to-equity ratio of 0.14.

Insider Buying and Selling

In related news, Director Paul Hindsley sold 6,000 shares of Oil-Dri Corporation Of America stock in a transaction on Friday, March 13th. The shares were sold at an average price of $63.90, for a total value of $383,400.00. Following the sale, the director owned 11,000 shares of the company’s stock, valued at approximately $702,900. This trade represents a 35.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ellen-Blair Chube sold 1,390 shares of the business’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $73.06, for a total transaction of $101,553.40. Following the completion of the sale, the director directly owned 8,930 shares of the company’s stock, valued at approximately $652,425.80. The trade was a 13.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 11.69% of the stock is owned by insiders.

Institutional Trading of Oil-Dri Corporation Of America

Several institutional investors have recently modified their holdings of ODC. Legal & General Group Plc increased its stake in shares of Oil-Dri Corporation Of America by 20.1% during the second quarter. Legal & General Group Plc now owns 1,062 shares of the specialty chemicals company’s stock worth $63,000 after purchasing an additional 178 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Oil-Dri Corporation Of America by 57.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 502 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 183 shares in the last quarter. Cardinal Capital Management boosted its holdings in Oil-Dri Corporation Of America by 0.3% in the 4th quarter. Cardinal Capital Management now owns 87,950 shares of the specialty chemicals company’s stock worth $4,304,000 after buying an additional 279 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Oil-Dri Corporation Of America by 4.1% in the 3rd quarter. Franklin Resources Inc. now owns 7,280 shares of the specialty chemicals company’s stock worth $444,000 after buying an additional 284 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Oil-Dri Corporation Of America by 9.4% during the 4th quarter. SG Americas Securities LLC now owns 4,567 shares of the specialty chemicals company’s stock worth $224,000 after buying an additional 391 shares in the last quarter. Institutional investors and hedge funds own 49.01% of the company’s stock.

About Oil-Dri Corporation Of America

Oil-Dri Corporation of America is a specialty materials company that develops, manufactures and markets sorbent and filtration products for industrial, environmental and consumer applications. Its flagship offerings include clay- and diatomaceous earth–based cat litters, calcium silicate absorbents for spill control and cleanup, and purification media designed to remove contaminants from petroleum, chemical and food-processing streams.

Founded in 1941 and headquartered in Chicago, Illinois, the company has evolved from a single-product operation into a diversified provider of mineral- and chemical-based solutions.