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Stock News in Focus: Oil-Dri Corporation of America (NYSE:ODC)

On Wednesday Oil-Dri Corporation of America (NYSE:ODC) stock soared 3.43% and closed at 36.75. The stock opened the session at $36.06 and touched its highest price point at $36.77. Its recent trading capacity is 6333 shares versus to its average trading volume of 8738 shares. The company’s stock’s lowest price point for the session stood at $35.47.ODC traded as low as $ 24.25 in the past 52 weeks, and shares hit its peak level to $38.79.

On Dec. 11, 2019, The Board of Directors of Oil-Dri Corporation of America (NYSE:ODC) disclosed quarterly cash dividends of $0.25 per share of the Company’s Common Stock and $0.1875 per share of the Company’s Class B Stock.

The dividends declared will be payable on February 28, 2020 to stockholders of record at the close of business on February 14, 2020. The Company has paid cash dividends continuously since 1974 and has increased dividends annually for sixteen consecutive years.

While Oil-Dri’s founding product was granular clay floor absorbents, it has since greatly diversified its portfolio. The Company’s mission to Create Value from Sorbent Minerals is supported by its wide array of consumer and business to business product offerings. In 2016, Oil-Dri celebrated its seventy-fifth year of business and looks forward to the next milestone.

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