By Stephen Nakrosis
Ecolab said its board has approved a 12% rise to its dividend payout, its 34th consecutive annual cash dividend increase.
The new quarterly dividend of 73 cents per share will be payable on Jan. 15, to shareholders of record at the close of business on Dec. 16. The company previously paid a dividend of 65 cents per share.
The new dividend, $2.92 on an annual basis, represents a yield of 1.1%, based on the most recent closing price of $264.42 for the company's stock.
The company last increased its dividend, to 65 cents from 57 cents, in December of last year.
Ecolab said it has paid cash dividends on its common stock for 89 consecutive years.
The company offers water, hygiene and infection prevention solutions and services.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
12-04-25 1716ET
