Oil-Dri Co. of America Plans Quarterly Dividend of $0.16 (NYSE:ODC)

Oil-Dri Co. of America (NYSE:ODC) announced a quarterly dividend on Wednesday, March 12th, RTT News reports. Shareholders of record on Friday, May 9th will be paid a dividend of 0.155 per share by the specialty chemicals company on Friday, May 23rd. This represents a $0.62 annualized dividend and a yield of 1.25%.

Oil-Dri Co. of America has increased its dividend by an average of 4.2% per year over the last three years and has increased its dividend annually for the last 11 consecutive years.

Oil-Dri Co. of America Stock Up 8.6 %

Shares of Oil-Dri Co. of America stock traded up $3.93 during midday trading on Wednesday, hitting $49.52. The company’s stock had a trading volume of 108,836 shares, compared to its average volume of 39,867. The firm has a market capitalization of $722.74 million, a P/E ratio of 16.00 and a beta of 0.44. Oil-Dri Co. of America has a 1-year low of $29.47 and a 1-year high of $49.68. The company has a quick ratio of 1.61, a current ratio of 2.63 and a debt-to-equity ratio of 0.20. The stock has a 50-day simple moving average of $43.17 and a 200-day simple moving average of $27.90.

Oil-Dri Co. of America (NYSE:ODC) last released its earnings results on Tuesday, March 11th. The specialty chemicals company reported $0.89 earnings per share for the quarter. The company had revenue of $116.91 million for the quarter. Oil-Dri Co. of America had a return on equity of 21.84% and a net margin of 9.92%.

Insider Buying and Selling at Oil-Dri Co. of America

In other news, VP Christopher B. Lamson sold 3,154 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $42.75, for a total transaction of $134,833.50. Following the transaction, the vice president now owns 70,796 shares in the company, valued at approximately $3,026,529. This trade represents a 4.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amy Ryan sold 2,100 shares of Oil-Dri Co. of America stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $41.78, for a total transaction of $87,738.00. Following the completion of the sale, the director now directly owns 3,900 shares of the company’s stock, valued at approximately $162,942. The trade was a 35.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.66% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research note on Friday, February 28th.

Oil-Dri Co. 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.