Oil-Dri Raises Dividends on Common and Class B Stock

By Stephen Nakrosis

Oil-Dri said its board approved an increase to the quarterly cash dividend, raising it to 29 cents per share of common stock.

The board also raised the dividend on Class B stock to 21.8 cents a share, Oil-Dri said.

The dividends will be payable on August 25 to shareholders of record at the close of business on Aug. 11.

Oil-Dri said it has increased dividends for 20 consecutive years.

Last June, Oil-Dri raised the dividend on its common stock to 28 cents from 27 cents a share, and increased the dividend on its Class B stock to 21 cents a share.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com