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Oil-Dri raises dividend for 23rd year and expands buyback program

Jun 3, 2026, 4:13 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Direct dividend hike and larger buyback program are positive cash-flow and shareholder-return signals. Historically, such actions can lift near-term yields and support multiple valuation if earnings trajectory remains stable; however, small-cap names like Oil-Dri can be sensitive to earnings clarity.

AI summary

What happened, with direct paths to the underlying reporting

Oil-Dri Corporation of America raised its quarterly dividend by $0.02 to $0.225 per share and authorized up to 500,000 additional Common shares for repurchase, extending its 23-year dividend-growth streak. The payout increase and buyback flexibility reflect strong cash flow and disciplined capital allocation. The company will report fiscal Q3 2026 results on June 8 after the close, with a conference call on June 9.

ODC raises quarterly dividend by $0.02 to $0.225 per share.
Class B dividend up to $0.168; ~10% increase for both classes.
Dividend payable Aug 21, 2026; record date Aug 7, 2026.
Board authorizes repurchase of up to 500,000 Common shares.
Earnings for Q3 FY2026 on June 8; webcast June 9.

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Oil-Dri raises dividend for 23rd year and expands buyback program

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