Oil-Dri Corporation of America raises dividend to 31c per share

The Board of Directors of Oil-Dri Corporation of America declared quarterly cash dividends of 31c per share of the company’s Common Stock and 23.3c 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, t Board of Directors approved a 2v per share increase in the quarterly cash dividend. The dividends declared will be payable on August 23 to stockholders of record at the close of business on August 9..