|Bid||194.86 x 800|
|Ask||194.92 x 1000|
|Day's Range||194.21 - 197.23|
|52 Week Range||124.60 - 231.36|
|Beta (5Y Monthly)||0.95|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 27, 2020 - Nov 02, 2020|
|Forward Dividend & Yield||1.88 (0.96%)|
|Ex-Dividend Date||Sep 14, 2020|
|1y Target Est||193.92|
Moody's Investors Service, ("Moody's") assigned Baa1 to approximately $1.1 billion in new debt issuance of Ecolab Inc. ("Ecolab"), consisting of 10 year and 30 year notes. Proceeds from the debt issuance, together with cash sourced from the separation of the Upstream Energy business earlier this year, are expected to be used to repay near term maturities of $1.02 billion due in 2021, private placement debt of $250 million due in 2023, and to pay a make whole premium of roughly $80 million.
The board of directors of Ecolab Inc. today declared a regular quarterly cash dividend of $0.47 per common share, to be paid October 15, 2020, to shareholders of record at the close of business on September 15, 2020.
Shares of cleaning and sanitizing giant Ecolab (NYSE: ECL) lost nearly 9% of their value on Tuesday following its release of second-quarter 2020 earnings. While COVID-19-related demand boosted Ecolab's healthcare and life sciences segment revenue, the momentum wasn't enough to offset weakness in other major business lines. Ecolab's revenue declined 15% against the prior-year period to $2.7 billion, while net income plunged from a profit of $369 million to a loss of $2 billion.