Oil-Dri Corporation announces quarterly cash dividends and plans an earnings discussion webcast in June 2025.
Quiver AI Summary
Oil-Dri Corporation of America has announced cash dividends of $0.155 per share for its Common Stock and $0.1165 per share for its Class B Stock, which will be payable on May 23, 2025, to shareholders on record as of May 9, 2025. The company has consistently paid dividends since 1974 and has increased them annually for 21 years. Oil-Dri plans to release its third-quarter performance report for fiscal year 2025 on June 5, 2025, followed by a live earnings discussion on June 6, 2025. Oil-Dri specializes in manufacturing and supplying sorbent products across various markets and emphasizes its vertically integrated operations to enhance efficiency. Forward-looking statements regarding the company’s future performance are included, cautioning investors about the inherent uncertainties.
Potential Positives
- Oil-Dri Corporation declared quarterly cash dividends, demonstrating its commitment to returning value to shareholders.
- The company has a strong track record of financial stability, having paid cash dividends continuously since 1974 and increased them annually for twenty-one consecutive years.
- The upcoming earnings discussion scheduled for June 6, 2025, invites investor engagement and transparency regarding future performance.
Potential Negatives
- The dividend amount declared may be perceived as low relative to market expectations, potentially causing concern among investors regarding the company's financial health.
- The company has not yet disclosed the anticipated performance for the third quarter of fiscal year 2025, leaving investors uncertain about future earnings and overall financial stability.
- Emphasis on forward-looking statements includes risk warnings which could raise concerns among investors about the potential for volatility in future performance.
FAQ
What are the recently declared dividends by Oil-Dri Corporation?
The Board of Directors declared cash dividends of $0.155 per share for Common Stock and $0.1165 for Class B Stock.
When will the dividends be payable?
The dividends will be payable on May 23, 2025, to stockholders of record at the close of business on May 9, 2025.
How long has Oil-Dri been paying cash dividends?
Oil-Dri has paid cash dividends continuously since 1974 and has increased them annually for twenty-one consecutive years.
When will Oil-Dri release its Q3 fiscal year 2025 performance report?
The performance report will be issued after the U.S. stock market closes on June 5, 2025.
What is Oil-Dri's core business focus?
Oil-Dri is a leading manufacturer of specialty sorbent products for various markets, including pet care and industrial applications.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ODC Insider Trading Activity
$ODC insiders have traded $ODC stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $ODC stock by insiders over the last 6 months:
- LAURA G SCHELAND (VP and Chief Legal Officer) sold 2,500 shares for an estimated $173,175
- CHRISTOPHER B LAMSON (Group VP of Retail & Wholesale) has made 0 purchases and 2 sales selling 3,997 shares for an estimated $170,627.
- AMY RYAN sold 2,100 shares for an estimated $87,738
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ODC Hedge Fund Activity
We have seen 42 institutional investors add shares of $ODC stock to their portfolio, and 53 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GAMCO INVESTORS, INC. ET AL removed 405,256 shares (-50.3%) from their portfolio in Q4 2024, for an estimated $17,758,317
- NEEDHAM INVESTMENT MANAGEMENT LLC removed 255,000 shares (-47.7%) from their portfolio in Q4 2024, for an estimated $11,174,100
- HEARTLAND ADVISORS INC removed 182,100 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $6,281,539
- PROSHARE ADVISORS LLC removed 117,200 shares (-47.0%) from their portfolio in Q4 2024, for an estimated $5,135,704
- HILLSDALE INVESTMENT MANAGEMENT INC. removed 87,506 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $3,018,519
- GABELLI FUNDS LLC removed 83,400 shares (-50.2%) from their portfolio in Q4 2024, for an estimated $3,654,588
- UBS GROUP AG removed 58,651 shares (-94.4%) from their portfolio in Q4 2024, for an estimated $2,570,086
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
CHICAGO, March 12, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) today declared quarterly cash dividends of $0.155 per share of the Company’s Common Stock and $0.1165 per share of the Company’s Class B Stock.
The cash dividends will be payable on May 23, 2025 to stockholders of record at the close of business on May 9, 2025. Oil-Dri has paid cash dividends continuously each year since 1974 and has increased dividends annually for twenty-one consecutive years.
The Company’s press release outlining its performance for the third quarter of fiscal year 2025 will be issued after the close of the U.S. stock market on Thursday, June 5, 2025. Oil-Dri will host an earnings discussion via a live webcast on Friday, June 6, 2025 at 10:00 a.m. Central Time. Participation details will be posted on the Company’s website’s Events page approximately one week prior to the call.
About Oil-Dri Corporation of America
Oil-Dri Corporation of America (“Oil-Dri”) is a leading 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. Oil-Dri is vertically integrated which enables the Company to efficiently oversee every step of the process from research and development to supply chain to marketing and sales. With over 80 years of experience, the Company continues to fulfill its mission to
Create Value from Sorbent Minerals
. To learn more about the Company, please visit
oildri.com
.
Forward-Looking Statements
Certain statements in this press release may constitute forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Our forward-looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These forward-looking statements are based on management’s current expectations, estimates, forecasts, assumptions and projections about future events, our future performance, the future of our business, our plans and strategies, projections, anticipated trends, the economy and other future developments and their potential effects on us. In addition, we, or others on our behalf, may make forward-looking statements in other press releases or written statements, or in our communications and discussions with investors and analysts in the normal course of business through meetings, webcasts, phone calls and conference calls. Forward-looking statements can be identified by words such as “expect,” “outlook,” “forecast,” “would,” “could,” “should,” “project,” “intend,” “plan,” “continue,” “believe,” “seek,” “estimate,” “anticipate,” “may,” “assume,” “potential,” “strive,” and similar references to future periods.
Such statements are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those anticipated, intended, expected, believed, estimated, projected, planned or otherwise expressed in any forward-looking statements, including, but not limited to, those described in our most recent Annual Report on Form 10-K and from time to time in our other filings with the Securities and Exchange Commission. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except to the extent required by law, we do not have any intention or obligation to update publicly any forward-looking statements after the distribution of this press release, whether as a result of new information, future events, changes in assumptions, or otherwise.
Contact:
Leslie A. Garber
Director of Investor Relations
Oil-Dri Corporation of America
[email protected]
(312) 321-1515
This press release was published by a CLEAR® Verified individual.