Ecolab Declares Its First Dividend of 2013

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.

The article Ecolab Declares Its First Dividend of 2013 originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in Ecolab. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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