Ecolab Raises Cash Dividend 8 Percent
December 04 2008 - 4:30PM
Business Wire
The Board of Directors of Ecolab Inc. today increased the company�s
quarterly cash dividend by 8% to $0.14 per common share, to be paid
January 15, 2009, to shareholders of record at the close of
business on December 16, 2008. This results in a new indicated
annual cash dividend of a record $0.56 per share for 2009, and
represents Ecolab�s 17th consecutive annual dividend rate increase.
Commenting on the increase, Douglas M. Baker, Jr., Ecolab�s
Chairman, President and Chief Executive Officer commented, saying,
�This dividend increase reflects our solid performance in 2008, our
strong financial position and cash flows, and our commitment to
delivering superior returns for our shareholders through both our
business progress and dividend growth.� Ecolab has paid cash
dividends on its common stock for 72 consecutive years. Ecolab last
increased its dividend in December 2007. With sales of $5.5 billion
and more than 26,000 associates, Ecolab Inc. (NYSE: ECL) is the
global leader in cleaning, sanitizing, food safety and infection
prevention products and services. Ecolab delivers comprehensive
programs and services to foodservice, food and beverage processing,
healthcare, and hospitality markets in more than 160 countries.
More news and information is available at www.ecolab.com. (ECL-D)
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