Ecolab Inc. (NYSE:ECL) constantly innovates with new products. For example, it introduced the Advantis FC program, a cleaner that allows for food sanitation at lower temperatures . Ecolab Inc. (NYSE:ECL) also introduced the Kay Heated Soak Tank program that allows for easier sanitation of restaurant equipment. Also, Ecolab Inc. (NYSE:ECL) wants to explore a new frontier with the acquisition of Champion Technologies , a chemical specialty company that focuses on the energy business. Ecolab Inc. (NYSE:ECL) should benefit from the ever growing worldwide appetite for energy through this acquisition.
On the whole, these companies provide needed products and services and enjoy considerable brand loyalty while paying out relatively low amounts of their free cash flow in dividends. All of these elements provide the catalysts for growing the free cash flow that will sustain dividend increases for years to come.
The article 3 Dividend Boosters for Your Watch List originally appeared on Fool.com is written by William Bias.
William Bias has no position in any stocks mentioned. The Motley Fool recommends Cintas. The Motley Fool owns shares of Ecolab.
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