Oil-Dri Increases Dividends for 23rd Consecutive Year and Authorizes Stock Repurchases

Oil-Dri Corporation of America announced a two-cent increase in its quarterly cash dividend per share, marking the 23rd consecutive year of dividend growth. The new dividend will be $0.225 per share for Common Stock and $0.168 per share for Class B Stock, representing approximately a 10% increase. The company also authorized the repurchase of up to 500,000 additional shares, demonstrating confidence in its financial strength and commitment to shareholder returns.