Oil-Dri Corporation Of America (NYSE:ODC) to Issue $0.18 Quarterly Dividend

Key Points

• Oil-Dri Corporation Of America declared a quarterly dividend of $0.18 per share, with the record date set for November 7th and payment scheduled for November 21st, representing an annualized yield of 1.2%.
• The company's stock opened at $60.59 on Thursday, showcasing a market cap of $887.04 million and a P/E ratio of 17.82.
• Several institutional investors have significantly increased their holdings in Oil-Dri, with Gamco Investors enhancing its stake by 99.3% and Vanguard Group increasing by 119.3% during the first quarter.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) declared a quarterly dividend on Wednesday, October 8th. Shareholders of record on Friday, November 7th will be given a dividend of 0.18 per share by the specialty chemicals company on Friday, November 21st. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, November 7th.

Oil-Dri Corporation Of America Stock Performance

NYSE:ODC opened at $60.59 on Thursday. The company has a quick ratio of 1.85, a current ratio of 2.83 and a debt-to-equity ratio of 0.16. The company has a market cap of $887.04 million, a P/E ratio of 17.82 and a beta of 0.70. Oil-Dri Corporation Of America has a fifty-two week low of $32.50 and a fifty-two week high of $69.75. The firm's 50 day moving average is $61.26 and its two-hundred day moving average is $54.42.

Insider Buying and Selling

In other news, Director Amy Ryan sold 1,000 shares of Oil-Dri Corporation Of America stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $60.62, for a total transaction of $60,620.00. Following the sale, the director owned 2,900 shares in the company, valued at $175,798. This trade represents a 25.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Christopher B. Lamson sold 2,500 shares of Oil-Dri Corporation Of America stock in a transaction on Monday, July 21st. The stock was sold at an average price of $61.75, for a total transaction of $154,375.00. Following the sale, the vice president directly owned 11,453 shares in the company, valued at $707,222.75. This trade represents a 17.92% decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.66% of the company's stock.

Institutional Investors Weigh In On Oil-Dri Corporation Of America

Several hedge funds and other institutional investors have recently bought and sold shares of ODC. Gamco Investors INC. ET AL increased its holdings in Oil-Dri Corporation Of America by 99.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 799,112 shares of the specialty chemicals company's stock worth $36,695,000 after purchasing an additional 398,056 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Oil-Dri Corporation Of America by 119.3% in the first quarter. Vanguard Group Inc. now owns 612,195 shares of the specialty chemicals company's stock worth $28,112,000 after buying an additional 333,053 shares during the last quarter. Needham Investment Management LLC increased its stake in shares of Oil-Dri Corporation Of America by 100.5% in the first quarter. Needham Investment Management LLC now owns 561,500 shares of the specialty chemicals company's stock worth $25,784,000 after buying an additional 281,500 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Oil-Dri Corporation Of America by 126.4% in the first quarter. American Century Companies Inc. now owns 331,083 shares of the specialty chemicals company's stock worth $15,203,000 after buying an additional 184,844 shares during the last quarter. Finally, Royce & Associates LP increased its stake in shares of Oil-Dri Corporation Of America by 102.4% in the first quarter. Royce & Associates LP now owns 336,000 shares of the specialty chemicals company's stock worth $15,429,000 after buying an additional 170,000 shares during the last quarter. 49.01% of the stock is currently owned by hedge funds and other institutional investors.

Oil-Dri Corporation Of America Company Profile

Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.

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