Xylem Inc. (NYSE:XYL – Get Free Report) declared a quarterly dividend on Friday, May 15th. Investors of record on Thursday, May 28th will be paid a dividend of 0.43 per share by the industrial products company on Thursday, June 25th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Thursday, May 28th.
Xylem has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Xylem has a dividend payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Xylem to earn $6.04 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 28.5%.
Xylem Stock Performance
Shares of XYL stock opened at $110.41 on Tuesday. The firm has a market capitalization of $26.24 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 1.57 and a beta of 1.08. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.46 and a quick ratio of 1.10. The business has a fifty day moving average of $118.69 and a 200 day moving average of $130.76. Xylem has a 1 year low of $105.29 and a 1 year high of $154.27.
Xylem declared that its Board of Directors has initiated a share buyback program on Wednesday, February 25th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the industrial products company to reacquire up to 4.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
About Xylem
Xylem Inc (NYSE: XYL) is a global water technology company that designs, manufactures and services engineered systems and equipment for the transport, treatment, testing and efficient use of water. Its product portfolio spans pumps and pumping systems, valves, filtration and disinfection equipment, sensors and analytical instruments, and digital solutions for monitoring and control of water infrastructure. Xylem serves the full water cycle with offerings for water and wastewater utilities, industrial customers, commercial and residential buildings, and agricultural applications.
The company was established as an independent publicly traded company in 2011 following a corporate spin-off from ITT Corporation and is headquartered in Rye Brook, New York.
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