Ecolab Inc. (NYSE:ECL – Get Free Report) declared a quarterly dividend on Thursday, May 7th. Investors of record on Tuesday, June 16th will be paid a dividend of 0.73 per share by the basic materials company on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 16th.
Ecolab has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 33 years. Ecolab has a payout ratio of 34.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ecolab to earn $9.68 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 30.2%.
Ecolab Stock Performance
Shares of ECL opened at $265.53 on Friday. The business’s fifty day moving average price is $260.97 and its 200 day moving average price is $271.27. Ecolab has a 12-month low of $243.15 and a 12-month high of $309.27. The stock has a market capitalization of $74.73 billion, a PE ratio of 35.93, a price-to-earnings-growth ratio of 2.20 and a beta of 0.90. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.73.
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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