Oil-Dri declares 31c dividend, approves two-for-one split

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 and approved a two-for-one stock split in the form of a stock dividend.The quarterly cash dividends will be payable on November 22 to stockholders of record at the close of business on November 8 . Oil-Dri has paid cash dividends continuously each year since 1974 and has increased dividends annually for twenty-one consecutive years.The stock split is subject to stockholder approval of an amendment to the Company’s Certificate of Incorporation to increase the number of authorized shares of Common Stock to accommodate the stock split. The Company intends to seek stockholder approval for this amendment at its upcoming annual meeting on December 11 .