Oil-Dri Board of Directors Declares Quarterly Dividends
December 13 2017 - 04:05PM
The Board of Directors of Oil-Dri Corporation of America (NYSE:ODC)
yesterday 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.
The dividends declared will be payable on March 2, 2018 to
stockholders of record at the close of business on February 16,
2018. The Company has paid cash dividends continuously since 1974
and has increased dividends annually for fourteen consecutive
years.
The Company expects to release earnings for its second quarter
of fiscal 2018 after the close of the U.S. stock market on Friday,
March 9, 2018 and to host an Investor Teleconference on Monday,
March 12, 2018. Teleconference details will be communicated via web
alert and posted on the Events page of the Company’s website
(investors.oildri.com/events) approximately one week prior to the
call.
While Oil-Dri’s founding product was granular
clay floor absorbents, it has since greatly diversified its
portfolio. The Company’s mission to “Create Value from Sorbent
Minerals” is supported by its wide array of consumer and business
to business product offerings. In 2016, Oil-Dri celebrated its
seventy-fifth year of business and looks forward to the next
milestone.
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