Latest dividend announcement
Oil-Dri Corporation of America has declared a quarterly cash dividend of $0.205 per share on its common stock. The payout matches the dividend distributed in the previous quarter and therefore represents no increase compared with the prior distribution. The company also declared a dividend of $0.153 per share on its Class B stock.
At the current share price of approximately $65.43, the announced distribution corresponds to a forward dividend yield of roughly 1.1% to 1.3%, depending on the reference methodology. The decision signals continued capital returns to shareholders while maintaining a conservative payout structure.
Details of the dividend distribution
Oil-Dri will pay the quarterly dividend on May 22, 2026. Shareholders must be on record by May 8, 2026, which also marks the ex-dividend date.
On an annualized basis, the current quarterly payment implies a dividend of about $0.82 per share per year if maintained over the next four quarters. This annualized payout remains modest relative to the company’s earnings capacity and free cash flow generation.
The company continues to distribute dividends alongside other capital allocation measures. During the current fiscal year, management also deployed capital toward share repurchases and manufacturing investments, indicating a balanced approach between shareholder returns and operational reinvestment.
Relevant valuation metrics
Oil-Dri operates with a market capitalization of roughly $0.95 billion and generates annual revenue of approximately $0.48 billion. The company trades at a trailing price-to-earnings ratio of about 18, which places the valuation near the midpoint of many specialty chemicals peers.
Profitability remains solid. The company reports EBITDA of about $85 million and an EBITDA margin near 17.8%, reflecting efficient vertical integration and stable demand in its end markets.
From a dividend investor’s perspective, the most important indicator is the payout ratio of approximately 22.7%. This relatively low ratio indicates a wide safety margin between earnings and dividend commitments. Oil-Dri also produced free cash flow of roughly $32 million, providing additional coverage for its cash distributions.
The balance sheet remains stable. The company holds approximately $47 million in cash against total debt of about $55 million, resulting in moderate leverage.
Dividend history and sustainability
Oil-Dri has built a long record of shareholder distributions. The company has paid dividends continuously since 1974 and has delivered more than three decades of uninterrupted payments.
In addition, the board has implemented consistent dividend growth over the past decade. The quarterly dividend increased gradually from $0.120 per share in 2018 to $0.205 in 2026, representing steady long-term growth. More recent increases occurred in 2024 and 2025, when the dividend rose from $0.155 to $0.180, followed by the most recent increase to $0.205 earlier in 2026.
Because the newly declared payment equals the previous quarter’s dividend, the latest announcement reflects dividend stability rather than a new increase. However, the long-term growth trend remains intact.
The company’s conservative payout ratio and steady free cash flow suggest that the dividend remains well supported by operating performance.
Outlook for long-term investors
Oil-Dri’s business model benefits from diversified demand across several industrial and consumer markets. The company generates revenue from pet care products, animal nutrition ingredients, agricultural applications, industrial absorbents, and purification solutions.
These markets tend to provide relatively stable demand cycles, particularly the pet care segment, which includes branded and private-label cat litter products.
Management continues to invest in manufacturing infrastructure and product development while maintaining disciplined capital allocation. The low payout ratio gives the company flexibility to fund expansion initiatives and potentially continue raising the dividend over time.
For long-term investors, the combination of moderate valuation, stable cash flow, and a conservative dividend policy supports the sustainability of shareholder returns.
A brief company profile
Oil-Dri Corporation of America is a U.S.-based manufacturer of specialty sorbent minerals used in a wide range of applications. The company operates a vertically integrated model that covers mineral sourcing, processing, product development, and distribution.
Its products serve industries such as pet care, animal health and nutrition, fluids purification, agriculture, sports field management, industrial absorbents, and automotive maintenance.
Founded more than 80 years ago, Oil-Dri has developed a niche position in specialty minerals and sorbent technologies. The company’s integrated supply chain and diversified customer base provide operational resilience and stable cash generation, supporting its long-standing commitment to shareholder dividends.
last quarterly report*
Summary of Oil-Dri Corporation of America – Fiscal Q2 2026 Results
Revenue and Profitability
Oil-Dri reported record second-quarter revenue of $117.7 million, representing a 1% year-over-year increase. The improvement mainly resulted from favorable product mix and stronger demand in agricultural products and cat litter segments.
Despite higher revenue, profitability declined slightly:
- Operating income: $15.7 million (down 10% YoY)
- Net income: $12.6 million (down 3% YoY)
- Diluted EPS: $0.87 (down from $0.89)
- EBITDA: $21.7 million (down 2%)
Margins weakened due to higher production costs, particularly a 4% increase in domestic cost of goods sold per ton, which reduced gross margin to 27.4% from 29.5% the previous year.
Operational Factors Affecting Results
The quarter was disrupted by Winter Storm Fern, which caused temporary plant shutdowns and logistical delays across parts of the United States. This event:
- Reduced production efficiency
- Delayed shipments
- Shifted some revenue recognition into the next reporting period
Operations have since returned to normal.
Segment Performance
Business-to-Business (B2B) Products
- Revenue: $42.0 million (down 3%)
- Operating income: $11.8 million (down 18%)
Drivers:
- Agricultural products: strong growth (+23%)
- Animal health: significant decline due to distributor customer loss
- Fluids purification: modest decline due to weaker renewable diesel filtration demand
Retail & Wholesale (R&W) Products
- Revenue: $75.8 million (up 3%)
- Operating income: $10.8 million (down 5%)
Growth came mainly from:
- Co-packaged cat litter (+31%)
- Crystal cat litter demand
- Increased sales of industrial and sports products
Weather disruptions created a $2.8 million backlog in shipments during the quarter.
Cash Flow and Balance Sheet
For the first six months of fiscal 2026:
- Operating cash flow: $28.4 million
- Capital expenditures: $14.8 million
- Share repurchases: $12.4 million
- Dividends paid: $4.9 million
Cash on hand at the end of the quarter was $46.9 million, slightly lower than $50.5 million at the end of fiscal 2025 due to investments, buybacks, and dividends.
The balance sheet remains stable with:
- Total assets: $388.1 million
- Long-term debt: $38.8 million
- Book value per share: $19.56
Management Outlook
Management stated that the company remains on track with its annual plan. If the current trajectory continues, Oil-Dri expects full-year net income to exceed the previous year, supported by growth initiatives and improving operational conditions.
Key Takeaways
- Record quarterly revenue driven by agriculture and cat litter demand.
- Profitability declined due to higher production costs and weather disruptions.
- Strong agricultural growth partially offset weakness in animal health and filtration products.
- Balance sheet remains healthy with ongoing dividends and share repurchases.
- Management expects stronger performance later in the fiscal year.
*This is the latest quarterly report that the company has filed with the SEC.
Next Earnings Date: 6/4/2026 After close
Die Selektion dieser Aktie erfolgte zufällig aus einem breiten Spektrum an tagesaktuellen Börsenmitteilungen bezüglich angekündigter Dividendenzahlungen. Der vorliegende Beitrag zielt nicht auf eine qualitative Bewertung dieser dividendenstarken Aktie ab, sondern verfolgt einen rein deskriptiven Ansatz.
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