Oil-Dri Appointed Executive, Increased Dividend Payouts
Chicago-based Oil-Dri named a new executive officer and extended its 23-year streak of consecutive dividend increases.
Updated on Oct. 7, 2026 in Public Companies
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The Oil-Dri Corporation Board of Directors appointed Vice President, General Counsel and Secretary Anthony W. Parker as an executive officer. The board also declared quarterly cash dividends for its common and Class B stock.
Why it matters
The dividend announcement confirms the company's commitment to returning capital to shareholders, maintaining a track record of payout increases that stretches back over two decades.
Oil-Dri has increased its annual cash dividends for 23 consecutive years. The board declared a dividend of $0.225 per common share and $0.168 per Class B share, payable to stockholders of record by November 6, 2026.
The players
Oil-Dri Corporation
A Chicago-based manufacturer of sorbent minerals and chemical products that has traded publicly for decades.
Anthony W. Parker
The newly appointed executive officer who serves as Vice President, General Counsel and Secretary.
The details
The board officially appointed Anthony W. Parker, who has been with the Chicago-based firm since 2018, to the role of executive officer. This leadership shift comes alongside the dividend declaration, which continues a payout history that has been consistent since 1974. Shareholders of record at the close of business on November 6, 2026, are eligible for the upcoming payment on November 20, 2026.
Timeline
1974: Oil-Dri began paying annual cash dividends.
June 2018: Anthony W. Parker joined Oil-Dri as Assistant General Counsel.
November 2023: Parker was promoted to Vice President, Legal.
November 6, 2026: Record date for quarterly dividend stockholders.
November 20, 2026: Cash dividends are payable to stockholders.
Market Landscape
The announcement marks the latest milestone in a financial policy of annual dividends that has persisted since the 1974 dividend initiation. This approach follows the trend of established manufacturing firms prioritizing consistent shareholder returns through multi-decade dividend growth.
Investors and those analyzing capital allocation strategies should monitor the upcoming October 8 earnings release for context on the firm's payout capacity. Business owners should track this 23-year streak as a signal of institutional emphasis on long-term dividend reliability.
The takeaway
Maintaining consistent dividend growth is a hallmark of operational stability for mature companies. Operators should evaluate their own capital allocation plans against this 23-year benchmark for dividend consistency.
What happens next
The company will issue a press release regarding its fiscal year 2026 fourth quarter performance on October 8, 2026, followed by a live earnings webcast on October 9, 2026.
Further reading
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