Oil-Dri Board of Directors Declares Quarterly Dividends and Authorizes Stock Repurchases
March 12 2019 - 4:35PM
The Board of Directors of Oil-Dri Corporation of America (NYSE:
ODC) yesterday declared quarterly cash dividends of $0.24 per share
of the Company’s Common Stock and $0.18 per share of the Company’s
Class B Stock.
The dividends declared will be payable on May 31, 2019 to
stockholders of record at the close of business on May 17, 2019.
The Company has paid cash dividends continuously since 1974 and has
increased dividends annually for fifteen consecutive years.
The Board of Directors also authorized the repurchase of 750,000
shares of Common Stock. A total of 296,277 shares of Common Stock
and 300,000 shares of Class B Stock may yet be repurchased under
previous authorizations from the Board of Directors.
Oil-Dri expects to release earnings for its third quarter of
fiscal 2019 after the close of the U.S. stock market on Friday,
June 7, 2019 and to host an Investor Teleconference on Monday, June
10, 2019. 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. To learn more about the Company, visit oildri.com.
Reagan B. CulbertsonInvestor
Relations ManagerInvestorRelations@oildri.com (312) 321-1515
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