ECL boosts dividend payout by 20%
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ST. PAUL, Minn.--(BUSINESS WIRE)--
The board of directors of Ecolab Inc. has declared a 20 percent increase in the company’s quarterly cash dividend to $0.275 per common share, to be paid January 15, 2014, to shareholders of record at the close of business on December 17, 2013. This increase results in a new indicated annual cash dividend of $1.10 per share in 2014 and represents Ecolab's 22nd consecutive annual dividend rate increase.
Ecolab has paid cash dividends on its common stock for 77 consecutive years.
“This substantial dividend increase reflects the continued growth and development we have achieved in 2013, our strong cash flows, solid financial position and our confidence in our business prospects for the years ahead,” said Ecolab Chairman and Chief Executive Officer Douglas M. Baker, Jr. “We remain committed to developing superior returns for our shareholders through our business progress and dividend growth.”
About Ecolab
A trusted partner at more than one million customer locations, Ecolab (ECL) is the global leader in water, hygiene and energy technologies and services that protect people and vital resources. With 2012 sales of $12 billion and 44,000 associates, Ecolab delivers comprehensive solutions and on-site service to ensure safe food, maintain clean environments, optimize water and energy use and improve operational efficiencies for customers in the food, healthcare, energy, hospitality and industrial markets in more than 170 countries around the world. For more Ecolab news and information, visit www.ecolab.com.
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