Revolutionizing the Digital Landscape: Our CEO’s Vision for Unlimited Web Hosting…CHICAGO, June 05, 2024 — The Board of Directors of Oil-Dri Corporation of America today declared quarterly cash dividends of $0.31 per share of the Company’s Common Stock and $0.233 per share of the Company’s Class B Stock, an approximate 7% increase for both classes of stock.
This declaration marks the 21st consecutive year the Company has increased dividends. Oil-Dri has paid cash dividends continuously since 1974, and historically has increased quarterly cash dividends by $0.01 per share of Common Stock on an annual basis. However, as a result of the Company’s strong financial performance and confidence in its future growth, today the Board of Directors approved a $0.02 per share increase in the quarterly cash dividend.
The dividends declared will be payable on August 23, 2024 to stockholders of record at the close of business on August 9, 2024. The Company’s press release outlining its performance for the third quarter of fiscal year 2024 will be issued after the close of the U.S. stock market on Thursday, June 6, 2024. Oil-Dri will host an earnings discussion via a live webcast on Friday, June 7, 2024 at 10:00 a.m. Central Time.
Such statements are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially, 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.