Oil-Dri Declares Quarterly Cash Dividend Increase to 22.5 Cents
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 03 2026
0mins
The board of directors of Oil-Dri Corporation declared a 2c increase in the company's quarterly cash dividend per share of common stock. The new dividend will be 22.5c per share of the company's common stock and 16.8c per share of the company's Class B stock, an approximate 10% increase for both classes of stock. The cash dividends will be payable on August 21 to stockholders of record at the close of business on August 7. The board of directors also authorized the repurchase of up to 500,000 shares of common stock. These shares are in addition to the 172,261 shares of common stock and 208,197 shares of Class B stock available for repurchase as of April 30 under prior authorizations from the board of directors.
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About ODC
Oil-Dri Corporation of America is a 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. Its segments include Retail and Wholesale Products Group, and Business to Business Products Group. The Retail and Wholesale Products Group segment's customers include mass merchandisers, the farm and fleet channel, drugstore chains, pet specialty retail outlets, dollar stores, marketers of consumer products, and others. The Business to Business Products Group segment's customers include processors and refiners of edible oils, renewable diesel, petroleum-based oils and biodiesel fuel; manufacturers of animal feed and agricultural chemicals, and distributors of animal health and nutrition products. Its products include Cat's Pride, Jonny Cat, Ultra Pet, Amlan Products, Pros Choice Products, Select, Pure-Flo, Metal X/Metal Z, Ultra Clear, Agsorb and Verge.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Operational Income Boost: The company experienced a 23% year-over-year increase in income from operations, supported by top-line growth and a reduction in selling, general, and administrative costs, showcasing effective cost management.
- Strong Cash Flow: During the fiscal third quarter, the company generated $25 million in net cash from operating activities, reflecting sustainable cash flow generation, prompting the board to announce a 10% increase in dividends.
- Cost Pressure Challenges: Despite significant sales growth, the company faced a 190 basis point reduction in gross margins due to rising costs in materials, labor, packaging, and transportation, impacting overall profitability.
See More
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- Significant Sales Growth: Oil-Dri's net sales for Q3 reached $126 million, reflecting a 9% increase compared to Q3 of fiscal 2025, demonstrating the company's ability to achieve robust growth in a competitive market, thereby boosting investor confidence.
- Operating Income Increase: The combination of top-line growth and a reduction in selling, general, and administrative costs resulted in a 23% year-over-year increase in operating income, indicating effective cost control measures that enhance overall profitability.
- Strong Cash Flow: The company generated $25 million in net cash from operating activities during the third quarter, showcasing a strong cash generation performance that supports future investments and shareholder returns.
- Dividend Increase: The Board of Directors raised the dividend to $0.225 per share, payable on August 21, 2026, reflecting confidence in future cash flows while enhancing shareholder return expectations.
See More
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- Earnings Highlights: Oil Dri reported a GAAP EPS of $1.00 for Q3 2026, with revenue reaching $126.33 million, reflecting a 9.4% year-over-year growth that underscores the company's stable growth potential in the market.
- Operational Resilience: The company achieved a fill rate of 99.9% during the third quarter, demonstrating high operational efficiency and the ability to adapt to market fluctuations, thereby enhancing customer trust and competitive positioning.
- Cash Flow Improvement: As of April 30, 2026, the company's cash and cash equivalents totaled $62.9 million, a significant increase from $50.5 million at the end of fiscal year 2025, indicating improved financial management and liquidity.
- Capital Investments: Significant capital investments in manufacturing infrastructure during Q3 2026, along with dividend payments, reflect the company's commitment to shareholder returns and further solidify its market position.
See More
Oil-Dri Corp Reports Increased Q3 Profit
- Profit Growth: Oil-Dri Corp's Q3 profit reached $14.52 million, translating to $1.00 per share, which marks a significant increase from last year's $11.64 million and $0.80 per share, indicating enhanced profitability.
- Revenue Increase: The company's revenue rose by 9.4% in Q3, climbing from $115.50 million to $126.32 million year-over-year, reflecting stronger market demand and robust product sales performance.
- Financial Health: With both profit and revenue growth, Oil-Dri's financial condition has improved, enhancing its competitive position in the industry and providing funding support for future investments and expansions.
- Market Outlook: The improvement in company performance not only demonstrates its adaptability in the current economic environment but also helps boost investor confidence, potentially driving stock price appreciation.
See More
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- Significant Revenue Growth: In Q3 2026, Oil-Dri Corporation reported net sales of $126.3 million, a 9% increase year-over-year, primarily driven by heightened demand for cat litter, indicating strong performance in the pet care market.
- Net Income Improvement: The company achieved a net income of $14.5 million in Q3, representing a 25% increase compared to the prior year, showcasing effective cost management and operational efficiency despite rising commodity costs.
- Enhanced Operational Efficiency: Following disruptions from Winter Storm Fern, the company quickly recovered, achieving a 99.9% fill rate in Q3, which not only improved customer satisfaction but also reduced backlog by $2.2 million, optimizing revenue recognition.
- Continued Shareholder Returns: The company reported cash and cash equivalents of $62.9 million for the quarter, a 25% increase from last year, enabling ongoing dividends to shareholders and reflecting strong cash flow and financial health.
See More
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- Partnership Impact: The initiative collaborates with the American Humane Society's Second Chance® Grants program, which provides essential funding and supplies, ensuring shelters can focus on finding forever homes for animals in need.
- Consumer Engagement: By purchasing Cat's Pride litter, consumers can directly contribute to the cause, as one pound of litter is donated for every pound purchased, enhancing consumer involvement while supporting animal welfare.
- Historical Significance: Founded in 1877, the American Humane Society is the first national humane organization in the U.S., and Cat's Pride's donation campaign aligns perfectly with its mission, further advancing the humane movement for animal rescue and protection.
See More
