Oil-Dri Corporation Announces Dividend, Stock Rises 4.8%

The specialty materials company's shares traded higher after revealing a new quarterly payout.

Mar. 14, 2026 at 12:08pm

Got story updates? Submit your updates here. ›

Oil-Dri Corporation of America (NYSE:ODC) saw its stock price increase by 4.8% during trading on Thursday after the company announced a new quarterly dividend. The dividend of $0.205 per share will be paid on May 22nd to shareholders of record as of May 8th, representing an annualized payout of $0.82 and a yield of 1.3%.

Why it matters

The dividend announcement is a positive sign for investors, as it demonstrates Oil-Dri's financial health and commitment to returning capital to shareholders. As a specialty materials company focused on sorbent and filtration products, Oil-Dri's ability to maintain and grow its dividend is an important indicator of the stability and profitability of its business model.

The details

Oil-Dri's stock traded as high as $67.23 on the day before closing at $68.00, up from the previous close of $64.89. Trading volume was down 80% from the average, with just 14,473 shares changing hands. The company's consensus rating from analysts is a 'Buy', with one firm recently upgrading the stock from a 'strong-buy' to a 'hold' rating.

  • The dividend will be paid on Friday, May 22nd.
  • The ex-dividend date is Friday, May 8th.

The players

Oil-Dri Corporation of America

A specialty materials company that develops, manufactures and markets sorbent and filtration products for industrial, environmental and consumer applications.

Paul Hindsley

A director at Oil-Dri Corporation of America who sold 6,000 shares of the company's stock on March 13th.

Got photos? Submit your photos here. ›

What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

Oil-Dri's dividend announcement and stock price increase demonstrate the company's financial stability and ability to reward shareholders, even in a challenging economic environment. As a diversified provider of specialty materials, Oil-Dri's resilience highlights the value of its business model and the continued demand for its products.