Ecolab Increases Cash Dividend 4%

Rhea-AI Summary

The board of directors of Ecolab has declared a 4% increase in its quarterly cash dividend to $0.53 per common share, set to be paid on January 17, 2023. This marks the company’s 31^st consecutive annual dividend increase, with a new annualized dividend of $2.12 per share. Ecolab's CFO noted this decision reflects a strong financial position and the company’s commitment to returning to historical payout levels. The company has maintained cash dividends for 86 consecutive years.

Positive

• 4% increase in quarterly cash dividend to $0.53 per share.
• 31st consecutive annual dividend increase.
• New annual cash dividend of $2.12 per share.
• 86 years of consecutive cash dividends paid.
• Strong financial position and cash flow reported.

Negative

• None.

31^st Consecutive Annual Cash Dividend Increase

ST. PAUL, Minn.--(BUSINESS WIRE)-- The board of directors of Ecolab Inc. today declared a 4% increase in the company’s quarterly cash dividend to $0.53 per common share, to be paid January 17, 2023, to shareholders of record at the close of business on December 20, 2022. This increase results in a new indicated annual cash dividend of $2.12 per share in 2023 and represents Ecolab’s 31^st consecutive annual dividend rate increase.

Ecolab has paid cash dividends on its common stock for 86 consecutive years.

Commenting on the increase, Christophe Beck, Ecolab’s Chairman and Chief Executive Officer said, “The increased cash dividend reflects Ecolab’s strong financial position, cash flow and business momentum in 2022 and supports our objective of returning to historical dividend payout ratio levels. We remain confident in our long-term outlook and robust growth opportunities. Our value proposition – helping customers deliver the best outcomes at the lowest total cost by reducing water, waste and energy usage – is more essential than ever.”

About Ecolab

A trusted partner at nearly three million customer locations, Ecolab (ECL) is the global leader in water, hygiene and infection prevention solutions and services that help protect people, planet and business health. With annual sales of $13 billion and more than 47,000 associates, Ecolab delivers comprehensive science-based solutions, data-driven insights and world-class service to advance food safety, help maintain clean and safe environments, optimize water and energy use, and improve operational efficiencies and sustainability for customers in the food, healthcare, hospitality and industrial markets in more than 170 countries around the world. www.ecolab.com

Follow us on LinkedIn @Ecolab, Twitter @Ecolab, Instagram @Ecolab_Inc and Facebook @Ecolab.

(ECL-D)

View source version on businesswire.com: https://www.businesswire.com/news/home/20221208005951/en/

Investor Contacts:

Andrew C. Hedberg

+1 651 250 2185

Cairn Clark

+1 651 250 2291

Source: Ecolab Inc.

FAQ

What is the new dividend amount for Ecolab (ECL) in 2023?

Ecolab has increased its quarterly cash dividend to $0.53 per share, which results in an annual dividend of $2.12.

When will Ecolab (ECL) pay the new dividend?

The new dividend will be paid on January 17, 2023, to shareholders of record on December 20, 2022.

How many consecutive years has Ecolab (ECL) increased its dividend?

Ecolab has achieved its 31st consecutive annual dividend increase.

How long has Ecolab (ECL) been paying dividends?

Ecolab has paid cash dividends on its common stock for 86 consecutive years.