ST. PAUL, Minn.--(BUSINESS WIRE)--
The Board of Directors of Ecolab Inc. declared a regular quarterly cash
dividend of $0.175 per common share, to be paid July 15, 2011 to
shareholders of record at the close of business on June 21, 2011.
Ecolab has paid cash dividends on its common stock for 74 consecutive
years.
At the same meeting, the Board of Directors authorized the company to
repurchase up to 15 million additional shares of Ecolab stock. As of
March 31, 2011, Ecolab had approximately 3.9 million shares remaining
under a previous repurchase authorization approved in February 2010.
Ecolab had approximately 235.9 million fully diluted shares outstanding
on March 31, 2011.
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.
This news release contains various "Forward-Looking Statements" within
the meaning of the Private Securities Litigation Reform Act of 1995.
These include statements concerning Ecolab's repurchase of common stock.
These statements, which represent Ecolab's expectations or beliefs
concerning various future events, are based on current expectations that
involve a number of risks and uncertainties that could cause actual
results to differ materially from those of such Forward-Looking
Statements, including changes in Ecolab's stock price, financial
results, financial condition and cash requirements. We caution that
undue reliance should not be placed on Forward-Looking Statements, which
speak only as of the date made.
(ECL-D)
Ecolab Inc.
Michael J. Monahan, 651-293-2809
Source: Ecolab Inc.
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