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Strategies & Market Trends : Dividend investing for retirement

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To: Triffin who wrote (13291)12/7/2012 9:09:23 AM
From: Triffin  Read Replies (2) of 34328
 
ECL boosts dividend payout by 15%

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Leading cleaning and sanitation products maker Ecolab Inc. ( ECL) has increased its quarterly cash dividend to 23 cents from 20 cents, representing a 15% growth. This increases the annual dividend to 92 cents per share from the current payout of 80 cents, which equates to a dividend yield of roughly 1.3%. The revised quarterly dividend is payable on December 28, 2012, to shareholders of record as on December 18, 2012.

This represents the company’s 21st consecutive annual dividend increase, reflecting its commitment to deliver incremental returns to investors leveraging a solid free cash flow and strong earnings. The company’s previous dividend increase was in December 2011, when it raised the quarterly payout by 14.3% to 20 cents a share from 17.5 cents.

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Triff ..
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