Ecolab (ECL) will raise its quarterly dividend by 6.3 percent to 51 cents per share. This follows smaller hikes in the last couple of years with a 2.1 percent hike to 48 cents per share in 2020, following a dividend hike of 2.2 percent to $0.47 per share announced by the Dividend Aristocrat in 2019. Ecolab has now raised its dividend 36 consecutive years.
The next ECL dividend will be paid January 18, 2022, to shareholders of record at the close of business on December 14, 2021. A new annual rate of $2.04 per share yields 1.2% at a stock price of $176. Ecolab shares trade ex-dividend on December 13, 2021.
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.
2021