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Ecolab Inc. (ECL) announces an 8% increase in its quarterly cash dividend to $0.57 per common share, marking the 32nd consecutive annual dividend rate increase. The new indicated annual cash dividend for 2024 is $2.28 per share. Ecolab has a history of paying cash dividends for 87 consecutive years. The company's Chairman and CEO, Christophe Beck, attributes the dividend increase to strong business momentum, excellent cash flow, and a commitment to historical dividend payout ratio levels.
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32nd Consecutive Annual Cash Dividend Increase
ST. PAUL, Minn.--(BUSINESS WIRE)--
The board of directors of Ecolab Inc. today declared an 8% increase in the company’s quarterly cash dividend to $0.57 per common share, to be paid January 16, 2024, to shareholders of record at the close of business on December 19, 2023. This increase results in a new indicated annual cash dividend of $2.28 per share in 2024 and represents Ecolab’s 32nd consecutive annual dividend rate increase.
Ecolab has paid cash dividends on its common stock for 87 consecutive years.
Commenting on the increase, Christophe Beck, Ecolab’s Chairman and Chief Executive Officer said, “The robust growth in Ecolab’s cash dividend reflects our strong business momentum heading into 2024, excellent cash flow, and our commitment to returning to historical dividend payout ratio levels. We remain committed to enhancing total shareholder returns through strong growth in our business and attractive cash dividends.”
About Ecolab
A trusted partner for millions of customers, Ecolab (NYSE:ECL) is a global sustainability leader offering water, hygiene and infection prevention solutions and services that protect people and the resources vital to life. Building on a century of innovation, Ecolab has annual sales of $14 billion, employs more than 47,000 associates and operates in more than 170 countries around the world. The company delivers comprehensive science-based solutions, data-driven insights and world-class service to advance food safety, maintain clean and safe environments, and optimize water and energy use. Ecolab’s innovative solutions improve operational efficiencies and sustainability for customers in the food, healthcare, life sciences, hospitality and industrial markets. www.ecolab.com
What is the latest quarterly cash dividend announced by Ecolab Inc. (ECL)?
Ecolab Inc. (ECL) has announced an 8% increase in its quarterly cash dividend to $0.57 per common share.
When will the latest cash dividend be paid to the shareholders of Ecolab Inc. (ECL)?
The latest cash dividend will be paid on January 16, 2024, to shareholders of record at the close of business on December 19, 2023.
How many consecutive years has Ecolab Inc. (ECL) increased its dividend rate?
Ecolab Inc. (ECL) has increased its dividend rate for 32 consecutive years.
What is the new indicated annual cash dividend for 2024 per share for Ecolab Inc. (ECL)?
The new indicated annual cash dividend for 2024 is $2.28 per share for Ecolab Inc. (ECL).
Who is the Chairman and CEO of Ecolab Inc. (ECL)?
The Chairman and CEO of Ecolab Inc. (ECL) is Christophe Beck.
What are the reasons cited by Ecolab Inc. (ECL) for the dividend increase?
Ecolab Inc. (ECL) attributes the dividend increase to strong business momentum, excellent cash flow, and a commitment to historical dividend payout ratio levels.
