Nalco announces quarterly dividend

Nalco has announced that its board of directors has declared a quarterly dividend.

In a statement, the company explained that the panel announced a cash payment of 3.5 cents (0.02 pounds) per share.

The sum will be payable on October 2nd to shareholders of record on September 15th, Nalco asserted.

The company, which provides water treatment and process improvements services, made its announcement after posting its financial results for the second quarter of the financial year at the end of last month.

Speaking at the time, Nalco chairman and chief executive officer Erik Fyrwald said that while the company faced challenging end markets, the firm was able to deliver a range of "strong achievements" during the three-month period.

He praised "commendable gains" on the company’s working capital management initiatives and "good cost savings", noting that the company has taken steps to set a lower its cost base in "difficult" European markets by restructuring.