Ecolab Inc. (NYSE:ECL – Get Free Report) announced a quarterly dividend on Thursday, August 6th. Investors of record on Tuesday, September 15th will be given a dividend of 0.73 per share by the basic materials company on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 15th.
Ecolab has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 33 consecutive years. Ecolab has a dividend payout ratio of 34.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ecolab to earn $9.39 per share next year, which means the company should continue to be able to cover its $2.92 annual dividend with an expected future payout ratio of 31.1%.
Ecolab Stock Performance
NYSE:ECL opened at $284.86 on Friday. Ecolab has a fifty-two week low of $243.15 and a fifty-two week high of $309.27. The firm has a market capitalization of $80.17 billion, a PE ratio of 38.24, a PEG ratio of 2.45 and a beta of 0.88. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.57 and a current ratio of 1.84. The stock’s fifty day moving average is $272.17 and its 200 day moving average is $273.76.
About Ecolab
Ecolab, Inc is a global provider of water, hygiene and infection prevention solutions and services. The company develops and supplies cleaning and sanitizing chemicals, dispensing equipment, water-treatment systems, pest elimination services and related technologies designed to help businesses maintain clean, safe and efficient operations. Its offerings span both products and onsite services, often paired with technical support and training.
Ecolab serves a broad range of end markets including hospitality and foodservice, food and beverage processing, healthcare, manufacturing and industrial operations, and energy and utilities.
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