Oil-Dri’s Board of Directors Declares a 14% Increase in Quarterly Dividends
Rhea-AI Summary
Oil-Dri (NYSE: ODC) announced a 14% increase in its quarterly cash dividend, raising the common-stock payout by two and a half cents to $0.205 per share and setting the Class B dividend at $0.153 per share. The board noted this is the second dividend raise in calendar 2025 and highlighted a long track record of shareholder payments: continuous dividends since 1974 and 22 consecutive years of annual increases.
The cash dividends are payable on March 6, 2026 to holders of record at the close of business on February 20, 2026. The company also said it will release its Q2 fiscal 2026 results after market close on March 11, 2026 and host a webcast on March 12, 2026 at 10:00 a.m. CT.
Positive
- Dividend increase of 14% for common stock
- $0.205 per share common dividend payable Mar 6, 2026
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
While ODC fell 12.55%, key specialty chemical peers like SCL (+1.95%), ECVT (+3.2%), MATV (+1.76%), KRO (+1.97%), and OEC (+3.59%) traded higher, pointing to stock-specific pressure rather than a sector-wide move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 08 | Earnings results | Positive | -1.4% | Reported second highest quarterly net income despite year-over-year declines. |
| Dec 03 | Recognition award | Positive | -2.3% | Named to Forbes’ 2026 list of America’s Most Successful Small-Cap Companies. |
| Dec 01 | Management hire | Positive | +0.9% | Appointed new APAC Technical Service Director to support Amlan growth. |
| Oct 28 | Earnings webcast | Neutral | -2.6% | Announced schedule for Q1 2026 earnings discussion and annual meeting. |
| Oct 09 | Annual results | Positive | -1.3% | Reported record fiscal 2025 sales, EBITDA, and net income with strong Q4. |
Recent positive corporate and earnings news for ODC has often been met with mild to moderate share price declines, indicating a pattern of negative or muted reactions to good news.
Over the last few months, ODC reported record fiscal 2025 results with net sales of $485.6M and net income of $54.0M, followed by softer but still strong Q1 FY2026 results featuring net income of $15.5M. Recognition on Forbes’ 2026 small-cap list and strategic leadership changes at Amlan highlighted operational momentum. Yet, most of these positive milestones saw modest share price declines within 24 hours. Today’s dividend increase extends a 22‑year streak of annual raises against this backdrop of strong but recently decelerating performance.
Market Pulse Summary
This announcement underscores ODC’s emphasis on shareholder returns, with a 14% quarterly dividend increase to $0.205 per Common share and $0.153 for Class B. It extends more than 22 consecutive years of raises and a dividend record dating back to 1974. Set against recently softer but still strong earnings and insider net selling, investors may monitor upcoming March 2026 results and cash generation to assess the sustainability of this higher payout.
Key Terms
class B Stock financial
AI-generated analysis. Not financial advice.
CHICAGO, Dec. 10, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) today declared a two and a half-cent increase in the Company’s quarterly cash dividend per share of Common Stock, representing a
“This dividend increase demonstrates our solid financial foundation, strong cash position, and confidence in the Company’s long-term outlook,” said Daniel S. Jaffee, President and Chief Executive Officer of Oil-Dri. “This decision further emphasizes our dedication to delivering sustained, meaningful value to our stockholders.”
The cash dividends will be payable on March 6, 2026 to stockholders of record at the close of business on February 20, 2026. Oil-Dri has paid cash dividends continuously each year since 1974 and has increased dividends annually for twenty-two consecutive years.
The Company’s press release outlining its performance for the second quarter of fiscal year 2026 will be issued after the close of the U.S. stock market on Wednesday, March 11, 2026. Oil-Dri will host an earnings discussion via a live webcast on Thursday, March 12, 2026 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 variations of such words 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
InvestorRelations@oildri.com
(312) 321-1515
FAQ
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