ST. PAUL, Minn., Feb 26, 2010 (BUSINESS WIRE) -- The Board of Directors of Ecolab Inc. declared a regular quarterly cash
dividend of $0.155 per common share, to be paid April 15, 2010, to
shareholders of record at the close of business on March 9, 2010. Ecolab
has paid cash dividends on its common stock for 73 consecutive years.
At the same time, the Board of Directors authorized the company to
repurchase up to 10 million additional shares of Ecolab stock. As of
December 31, 2009, Ecolab had approximately 2.7 million shares remaining
under a previous repurchase authorization approved in October 2006.
Ecolab had approximately 236.3 million shares outstanding on January 31,
2010.
The company expects to conduct its purchases in the open market; in
privately negotiated transactions from time to time, depending on the
market conditions; and through purchases made in accordance with Rule
10b5-1 of the Securities Exchange Act of 1934.
With sales of $6 billion and more than 26,000 associates, Ecolab (NYSE:
ECL) is the global leader in cleaning, sanitizing, food safety and
infection prevention products and services. Ecolab delivers
comprehensive programs and services to the foodservice, food and
beverage processing, healthcare, and hospitality markets in more than
160 countries. More news and information is available at www.ecolab.com.
(ECL-D)
SOURCE: Ecolab Inc.
Ecolab Inc.
Michael J. Monahan, 651-293-2809
Copyright Business Wire 2010