Ecolab Declares Its First Dividend of 2013
Feb 23rd 2013 8:15PM
Updated Feb 24th 2013 2:30PM
Ecolab has declared its latest quarterly dividend, its first of 2013. The company will disburse $0.23 per share of its common stock on April 15 to shareholders of record as of March 5.
Ecolab, a habitual dividend payer, matched the disbursement of its previous quarter, which was handed out in December. Before that, the dividend was $0.20 per share. The company typically raises its dividend at the end of every year. This disbursement has been growing steadily since mid-2003.
The water technology company pointed out in the press release announcing the move that it has paid dividends for 76 years straight.
Ecolab's new dividend annualizes to $0.92 per share. That yields 1.2% at the company's current stock price of $74.70.
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