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Oil-Dri Is Mining Dividends Out Of 3 Megatrends

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  • Oil-Dri pays a 4.2% dividend yield and it has increased the dividend for 19 consecutive years. The earnings of the company are erratic but the dividend is well covered.
  • Three megatreds support Oil-Dri's growth and the sales are growing in double-digit numbers. The potential of this small-cap stock is overlooked.
  • Oil-Dri is a vertically integrated company, operations ranging from mining to consumer goods marketing. Its strong balance sheet has 8,000 acres of land assets at historic valuations.
  • The recent price decline of the stock provides an opportunity for dividend investors to enjoy high starting yield supported by several tailwinds for sales growth and strong balance sheet to pass these turbulent times.

Tottelevainen Devon Rex Cat Sitting in Litter Box in Olohuone - arkistovalokuva

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Oil-Dri (NYSE:ODC) is an archetype of a small company with erratic earnings and an array of businesses that are a little bit difficult to comprehend. However, the company has a decent track record of sales and earnings growth, strong balance sheet and

This article was written by

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I focus on investment ideas about companies that pay a (healthy) dividend while you wait for capital appreciation. I like to see a good company that pays a dividend. The shares of the company are for a temporary reason undervalued compared to its fundamentals, peers, historical levels and/or the market. Technically and fundamentally there needs to be potential and high odds for capital appreciation by foreseeable catalysts. These elements provide a simple filter to invest in companies that reward shareholders in two ways. I often cover HVAC related stocks since that's the industry in which I was professionally involved with before turning into full-time investor. My name is Antti Leinonen and I'm a private full-time investor from Finland.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of ODC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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