WASHINGTON (dpa-AFX) - Ecolab Inc. (ECL) said Thursday that its Board of Directors has increased the company's quarterly cash dividend by 14% to $0.20 per common share, to be paid January 17, 2012, to shareholders of record on December 20, 2011.
This results in a new indicated annual cash dividend of a record $0.80 per share for 2012, and represents Ecolab's 20th consecutive annual dividend rate increase. The company last increased its dividend in December 2010.
Douglas Baker, Jr., Ecolab's Chairman and Chief Executive Officer said, 'We are pleased to once again increase our dividend and continue our strong cash dividend record following our merger with Nalco.'
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