Xylem Inc. (NYSE:XYL – Get Free Report) declared a quarterly dividend on Thursday, August 13th. Shareholders of record on Thursday, August 27th will be paid a dividend of 0.43 per share by the industrial products company on Thursday, September 24th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, August 27th.
Xylem has increased its dividend payment by an average of 0.1%annually over the last three years and has increased 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. Research analysts expect Xylem to earn $6.13 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 28.1%.
Xylem Stock Down 0.5%
Xylem stock opened at $119.75 on Friday. The company has a 50 day moving average of $117.47 and a 200-day moving average of $120.65. The company has a quick ratio of 1.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.23. Xylem has a twelve month low of $105.29 and a twelve month high of $154.27. The stock has a market capitalization of $27.96 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 1.67 and a beta of 1.02.
Xylem Company Profile
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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