Ecolab (ECL) will raise its quarterly dividend by 10.8 percent to $0.41 per share in the fourth quarter of 2017. The new dividend yield for ECL is 1.2%. The new dividend will be paid on January 16, 2018, to shareholders of record at the close of business on December 19, 2017.

Commenting on the increase, Douglas M. Baker, Jr., Ecolab’s Chairman and Chief Executive Officer said, “This double-digit cash dividend increase reflects our improving business trends, solid financial position and strong cash flows, as well as our commitment to enhancing total shareholder returns.”

Ecolab Inc. provides water, hygiene and energy technologies and services. The company's cleaning and sanitizing programs and products, and pest elimination services, support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors. Ecolab's products are also used in water treatment, pollution control, energy conservation, oil production and refining, primary metals manufacturing, papermaking, mining and other industrial processes. Ecolab was incorporated in 1924 and has paid cash dividends on its common stock since 1936.