ST.PAUL, Minn. — The board of directors of Ecolab increased the company’s quarterly cash dividend by 8 percent to $0.14 per common share, to be paid Jan.15, 2009, to shareholders of record at the close of business on Dec. 16, 2008. This results in a new indicated annual cash dividend of a record $0.56 per share for 2009, and represents Ecolab’s 17th consecutive annual dividend rate increase.
Commenting on the increase, Douglas M. Baker, Jr., Ecolab’s Chairman, President and Chief Executive Officer said, “This dividend increase reflects our solid performance in 2008, our strong financial position and cash flows, and our commitment to delivering superior returns for our shareholders through both our business progress and dividend growth.”
Ecolab has paid cash dividends on its common stock for 72 consecutive years. Ecolab last increased its dividend in December 2007.
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