Ecolab Increases Cash Dividend 2%
Ecolab's Board of Directors has announced a 2% increase in its quarterly cash dividend, raising it to $0.48 per common share. The dividend will be paid on January 15, 2020, to shareholders of record as of December 15, 2020. This marks the 29th consecutive annual dividend increase for Ecolab, emphasizing the company's commitment to shareholder returns. Ecolab has maintained a cash dividend for 84 consecutive years and reported annual sales of $13 billion. The increase reflects confidence in the company's solid financial position amid challenges posed by COVID-19.
- Dividend increase to $0.48 per share indicates strong confidence in financial stability.
- 29th consecutive annual dividend increase highlights commitment to shareholder returns.
- 84 consecutive years of cash dividends showcases long-term reliability.
- None.
ST. PAUL, Minn.--(BUSINESS WIRE)--The Board of Directors of Ecolab Inc. declared a
Ecolab has paid cash dividends on its common stock for 84 consecutive years.
Commenting on the increase, Douglas M. Baker, Jr., Ecolab’s Chairman and Chief Executive Officer said, “While 2020 has been a challenging year due to the global impact of COVID-19 on our markets and business, our mission to make the world cleaner, safer and healthier is even more important than ever. We remain confident that Ecolab’s business is well-positioned for strong growth in the years ahead. This cash dividend increase reflects that confidence as well as our solid financial position, excellent cash flow and commitment to shareholder returns as we work to return toward our historic dividend cash payout rates going forward.”
About Ecolab
A trusted partner at nearly three million commercial customer locations, Ecolab (NYSE:ECL) is the global leader in water, hygiene and infection prevention solutions and services. With annual sales of
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