Oil-Dri Corporation Of America (ODC) To Go Ex-Dividend on May 8th

Oil-Dri Corporation Of America (NYSE:ODC) declared a quarterly dividend on Thursday, March 12th. Investors of record on Friday, May 8th will be paid a dividend of 0.205 per share by the specialty chemicals company on Friday, May 22nd. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, May 8th.

Oil-Dri Corporation Of America has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 11 consecutive years.

Oil-Dri Corporation Of America Stock Performance

Shares of ODC opened at $63.78 on Friday. The company has a market capitalization of $929.84 million, a price-to-earnings ratio of 17.28 and a beta of 0.77. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.23 and a current ratio of 3.34. Oil-Dri Corporation Of America has a 1 year low of $41.37 and a 1 year high of $70.01. The company’s 50 day simple moving average is $60.77 and its 200 day simple moving average is $58.58.

Insiders Place Their Bets

In other news, Director Paul Hindsley sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $63.90, for a total value of $383,400.00. Following the transaction, the director directly owned 11,000 shares of the company’s stock, valued at $702,900. The trade was a 35.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 11.69% of the company’s stock.

Institutional Trading of Oil-Dri Corporation Of America

Large investors have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in Oil-Dri Corporation Of America by 79.0% during the 1st quarter. Royal Bank of Canada now owns 31,787 shares of the specialty chemicals company’s stock worth $1,460,000 after acquiring an additional 14,030 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Oil-Dri Corporation Of America by 108.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,792 shares of the specialty chemicals company’s stock worth $266,000 after purchasing an additional 3,010 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Oil-Dri Corporation Of America by 122.6% in the first quarter. Goldman Sachs Group Inc. now owns 87,725 shares of the specialty chemicals company’s stock valued at $4,028,000 after purchasing an additional 48,309 shares in the last quarter. Jane Street Group LLC raised its position in Oil-Dri Corporation Of America by 204.7% in the 1st quarter. Jane Street Group LLC now owns 19,498 shares of the specialty chemicals company’s stock worth $895,000 after purchasing an additional 13,099 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Oil-Dri Corporation Of America by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 237,607 shares of the specialty chemicals company’s stock worth $14,019,000 after purchasing an additional 7,812 shares during the last quarter. Institutional investors own 49.01% of the company’s stock.

About Oil-Dri Corporation Of America

Oil-Dri Corporation of America is a specialty materials company that develops, manufactures and markets sorbent and filtration products for industrial, environmental and consumer applications. Its flagship offerings include clay- and diatomaceous earth–based cat litters, calcium silicate absorbents for spill control and cleanup, and purification media designed to remove contaminants from petroleum, chemical and food-processing streams.

Founded in 1941 and headquartered in Chicago, Illinois, the company has evolved from a single-product operation into a diversified provider of mineral- and chemical-based solutions.