Oil-Dri Marks 22 Consecutive Years of Dividend Growth with a 16% Increase  

The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) today declared a two and a half-cent increase in the Company’s quarterly cash dividend per share of Common Stock, marking the 22nd consecutive year of dividend growth. The approved dividends will be $0.18 per share of the Company’s Common Stock and $0.135 per share of the Company’s Class B Stock, an approximate 16% increase for both classes of stock. Oil-Dri has paid cash dividends continuously each year since 1974, demonstrating the Company’s sustained fiscal strength and disciplined capital management over time. “This significant increase in our dividend reflects both our strong financial position and confidence in the Company’s future.” said Daniel S. Jaffee, President and Chief Executive Officer of Oil-Dri. “Coming on the heels of our stock split, this action also underscores our ongoing commitment to delivering meaningful long-term value to our stockholders. As we move forward, we remain focused on balancing steady growth with prudent capital allocation.” The cash dividends will be payable on August 22, 2025 to stockholders of record at the close of business on August 8, 2025.... Read more

Older articles featuring ODC: