Ecolab Inc. (NYSE:ECL – Get Free Report) declared a quarterly dividend on Thursday, February 19th. Investors of record on Tuesday, March 17th will be paid a dividend of 0.73 per share by the basic materials company on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, March 17th.
Ecolab has raised its dividend payment 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% meaning its dividend is sufficiently covered by earnings. Analysts expect Ecolab to earn $8.52 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 34.3%.
Ecolab Trading Up 0.2%
ECL traded up $0.68 during trading on Friday, hitting $301.68. 392,152 shares of the stock were exchanged, compared to its average volume of 1,249,471. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.81 and a current ratio of 1.08. The firm has a 50 day simple moving average of $277.54 and a 200 day simple moving average of $272.67. The firm has a market cap of $85.45 billion, a price-to-earnings ratio of 41.41, a P/E/G ratio of 2.48 and a beta of 0.99. Ecolab has a 1 year low of $221.62 and a 1 year high of $306.52.
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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