Ecolab increases dividend for 23rd consecutive year

Dividend Aristocrat Ecolab will raise its dividend by 20%.

The quarterly dividend will be increased from $0,275 to $0,33 per share, marking the 23rd consecutive year of dividend increases.

Commenting on the increase, Ecolab Chairman and Chief Executive Officer Douglas M. Baker, Jr., said, “This large dividend increase reflects our continued strong performance in 2014 and our confidence in our business prospects for the years ahead. We remain committed to delivering superior returns to our shareholders as we build and grow our business.”

Ecolab, the global leader in water, hygiene and energy technologies and services that protect people and vital resources, now has an indicated dividend yield of 1,2% at a stock price of $110.

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