Ecolab Declares Regular Dividend and Announces Increased Share Repurchase Authorization
May 05 2011 - 4:30PM
Business Wire
The Board of Directors of Ecolab Inc. declared a regular
quarterly cash dividend of $0.175 per common share, to be paid July
15, 2011 to shareholders of record at the close of business on June
21, 2011.
Ecolab has paid cash dividends on its common stock for 74
consecutive years.
At the same meeting, the Board of Directors authorized the
company to repurchase up to 15 million additional shares of Ecolab
stock. As of March 31, 2011, Ecolab had approximately 3.9 million
shares remaining under a previous repurchase authorization approved
in February 2010. Ecolab had approximately 235.9 million fully
diluted shares outstanding on March 31, 2011.
The company expects to conduct its purchases in the open market;
in privately negotiated transactions from time to time, depending
on the market conditions; and through purchases made in accordance
with Rule 10b5-1 of the Securities Exchange Act of 1934.
With sales of $6 billion and more than 26,000 associates, Ecolab
(NYSE: ECL) is the global leader in cleaning, sanitizing, food
safety and infection prevention products and services. Ecolab
delivers comprehensive programs and services to the foodservice,
food and beverage processing, healthcare, and hospitality markets
in more than 160 countries. More news and information is available
at www.ecolab.com.
This news release contains various “Forward-Looking Statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. These include statements concerning Ecolab’s repurchase of
common stock. These statements, which represent Ecolab’s
expectations or beliefs concerning various future events, are based
on current expectations that involve a number of risks and
uncertainties that could cause actual results to differ materially
from those of such Forward-Looking Statements, including changes in
Ecolab’s stock price, financial results, financial condition and
cash requirements. We caution that undue reliance should not be
placed on Forward-Looking Statements, which speak only as of the
date made.
(ECL-D)
Ecolab (NYSE:ECL)
Historical Stock Chart
From Aug 2024 to Sep 2024
Ecolab (NYSE:ECL)
Historical Stock Chart
From Sep 2023 to Sep 2024