Oil-Dri Board of Directors Declares Increased Quarterly Dividends
June 14 2017 - 4:04AM
The Board of Directors of Oil-Dri Corporation of America (NYSE:ODC)
today declared quarterly cash dividends of $0.23 per share of the
Company’s Common Stock and $0.173 per share of the Company’s Class
B Stock, an approximate 5% increase for both classes of stock.
The dividends declared today will be payable on September 1,
2017 to stockholders of record at the close of business on August
18, 2017. The Company has paid cash dividends continuously since
1974. Today’s declaration marks the fourteenth consecutive year
Oil-Dri has increased dividends.
The Company expects to release earnings for its fourth quarter
of fiscal 2017 after the close of the U.S. stock market on Tuesday,
October 10, 2017 and to host an Investor Teleconference on
Wednesday, October 11, 2017. Teleconference details will be
communicated via web alert approximately one week prior to the
call.
While granular clay floor absorbents were
Oil-Dri’s founding product, it has since diversified its portfolio
to include both consumer and business to business product offerings
that supply pet care, animal health, fluids purification,
agricultural ingredient, sports field, industrial and automotive
markets. In 2016, Oil-Dri celebrated its seventy-fifth year of
business and looks forward to the next milestone.
Reagan B. Culbertson
Investor Relations Manager
reagan.culbertson@oildri.com
(312) 706 3256
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