Oil-Dri Increases Dividend From $0.28 To $0.29/Share
Portfolio Pulse from Happy Mohamed
Oil-Dri Corporation of America (NYSE:ODC) has increased its quarterly cash dividends by 4% to $0.29 per share for Common Stock and $0.218 per share for Class B Stock. The dividends will be payable on August 25, 2023, and the company will host earnings discussions for Q3 and Q4 of fiscal 2023.
June 08, 2023 | 8:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Oil-Dri Corporation (ODC) has increased its quarterly cash dividends by 4%, which may positively impact its stock price in the short term.
The increase in dividends by 4% for both classes of stock demonstrates the company's financial strength and commitment to shareholder returns. This may attract income-focused investors and lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100