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30th Consecutive Annual Cash Dividend Increase
ST. PAUL, Minn., December 02, 2021--(BUSINESS WIRE)--The board of directors of Ecolab Inc. today declared a 6% increase in the company’s quarterly cash dividend to $0.51 per common share, to be paid January 18, 2022, to shareholders of record at the close of business on December 14, 2021. This increase results in a new indicated annual cash dividend of $2.04 per share in 2022 and represents Ecolab’s 30th consecutive annual dividend rate increase.
Ecolab has paid cash dividends on its common stock for 85 consecutive years.
Commenting on the increase, Christophe Beck, Ecolab’s President and Chief Executive Officer said, "The cash dividend increase reflects Ecolab’s strong financial position, cash flow and top and bottom-line performance in 2021, as well as our objective of returning our dividend payout ratio to historical levels. Our value proposition to help solve the world’s people, planet and business health needs is more important than ever, and we remain confident in our long-term outlook and robust growth opportunities to deliver superior results for our customers and shareholders."
A trusted partner at nearly three million commercial customer locations, Ecolab (ECL) is the global leader in water, hygiene and infection prevention solutions and services. With annual sales of $13 billion and more than 45,000 associates, Ecolab delivers comprehensive solutions, data-driven insights and personalized service to advance food safety, 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
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