Oil-Dri Raises Quarterly Dividend 9.76% to $0.225

Oil-Dri Corporation of America increased its quarterly dividend to $0.225 per share from $0.205, a 9.76% rise. The ex-dividend date was Aug. 7, 2026.

The increase extends the basic-materials company’s dividend-growth streak to 23 consecutive years. Oil-Dri described the action as reflecting sustained financial strength and disciplined capital management, announcing it alongside a new share-repurchase authorization. The company’s dividend announcement confirms the board action and the length of the growth streak.

Oil-Dri produces and markets sorbent mineral products used in consumer and business applications. Its portfolio includes cat litter as well as products for agriculture, animal health and fluids purification.

Recent operating results offer context for the board’s decision. Oil-Dri reported record fiscal third-quarter revenue and stronger earnings, with growth across both its business-to-business and retail-and-wholesale groups. The company said elevated cat-litter demand accounted for most of the revenue improvement. Higher sales and lower selling, general and administrative expenses helped earnings, although increased domestic production costs weighed on margins. Operations also recovered after a winter storm disrupted the company’s supply chain earlier in the fiscal year. Oil-Dri’s third-quarter results provide the operating details.

Those results do not establish a direct formula for the dividend decision, but they show the increase came during a period of revenue and earnings growth, balanced against continuing cost pressure.

What it means for income investors

The higher rate increases the quarterly cash distribution attached to each common share while preserving Oil-Dri’s 23-year record of consecutive annual growth. The supplied data lists annual dividends of $0.82 per share and a forward annual yield of 0.88% at a share price of $91.69.

Oil-Dri carries a dividend safety score of 97 out of 100 and an A safety grade in the supplied dataset. Those measures indicate a strong assessed dividend profile, though they are not guarantees of future payments. For income-focused shareholders, the principal significance is continued distribution growth; the stated yield remains comparatively modest despite the increase.