Oil-Dri of America (ODC) said late Wednesday it raised its quarterly dividend for common and class B shares to $0.225 and $0.168 per share, respectively, from $0.205 and $0.153.
Both dividends will be payable Aug. 21 to shareholders of record as of Aug. 7.
The company also authorized the repurchase of up to 500,000 additional common shares, supplementing the 172,261 common shares and 208,197 class B shares that remained available for buyback under previous board authorizations as of April 30.
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