Oil-Dri Increases Dividends for 23rd Consecutive Year and Authorizes Stock Repurchases

The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) today declared a two-cent increase in the Company’s quarterly cash dividend per share of Common Stock, marking the 23rd consecutive year of dividend growth. The new dividend will be $0.225 per share of the Company’s Common Stock and $0.168 per share of the Company’s Class B Stock, an approximate 10% 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. The cash dividends will be payable on August 21, 2026 to stockholders of record at the close of business on August 7, 2026. The Board of Directors also authorized the repurchase of up to 500,000 shares of Common Stock. These shares are in addition to the 172,261 shares of Common Stock and 208,197 shares of Class B Stock available for repurchase as of April 30, 2026 under prior authorizations from the Board of Directors. “Our strong financial foundation allows us to further raise our dividend following the increase announced in December, while also enhancing our share repurchase program,” said Daniel S. Jaffee, President and Chief Executive Officer of Oil‑Dri. “These actions reflect our confidence in the Company’s future and reinforce our commitment to thoughtful capital allocation and long-term shareholder returns.” The shares may be repurchased from time to time in open market transactions at prevailing market prices, in privately negotiated transactions, or by other means in accordance with federal securities laws. The actual timing, number and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of Oil-Dri's stock and general market and economic conditions. The Company’s press release outlining its performance for the third quarter of fiscal year 2026 will be issued after the close of the U.S. stock market on Monday, June 8, 2026. Oil-Dri will host an earnings discussion via a live webcast on Tuesday, June 9, 2026 at 10:00 a.m. Central Time. Participation details are posted on the Company’s website’s Events page.... Read more

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