Thursday, December 07, 2006

Ecolab Inc. Raises Dividend 15%

Ecolab Inc., (ECL) a marketer of cleaning, pest elimination, maintenance and repair products announced a 15% increase in its dividend today. The new quarterly dividend will total 11.5 cents per share versus 10 cents per share in the same quarter last year. The new yield is about 1.0% based on today's closing price of $45.23. The 5-year historical payout ratio is about 29%. Ecolab has an S&P Earnings and Dividend Ranking of A.

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