Ecolab Inc. (NYSE:ECL – Get Free Report) announced a quarterly dividend on Thursday, August 6th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.73 per share by the basic materials company on Thursday, October 15th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 15th.
Ecolab has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 33 years. Ecolab has a payout ratio of 34.6% indicating that its dividend is sufficiently covered by earnings. 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
Shares of NYSE ECL opened at $283.29 on Friday. The stock’s 50-day moving average is $271.60 and its 200 day moving average is $273.68. The stock has a market cap of $79.73 billion, a price-to-earnings ratio of 38.03, a P/E/G ratio of 2.46 and a beta of 0.88. Ecolab has a 1-year low of $243.15 and a 1-year high of $309.27. The company has a current ratio of 1.84, a quick ratio of 1.57 and a debt-to-equity ratio of 1.18.
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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