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 1.5%. The ex-dividend date of this dividend is Thursday, August 27th.
Xylem has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Xylem has a payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance
NYSE XYL opened at $114.18 on Tuesday. The stock has a market capitalization of $26.66 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.57 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.61 and a quick ratio of 1.24. The business’s fifty day moving average price is $118.10 and its 200-day moving average price is $119.50. Xylem has a 1-year low of $105.29 and a 1-year high of $154.27.
Institutional Trading of Xylem
Hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Retirement Investments LLC acquired a new position in shares of Xylem in the 4th quarter worth approximately $27,000. Wexford Capital LP acquired a new stake in Xylem in the 3rd quarter valued at approximately $27,000. Dunhill Financial LLC acquired a new stake in Xylem in the 2nd quarter valued at approximately $30,000. Avalon Trust Co acquired a new position in Xylem during the second quarter worth $35,000. Finally, Orion Capital Management LLC acquired a new position in Xylem during the second quarter worth $35,000. Institutional investors and hedge funds own 87.96% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Xylem
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Receive News & Ratings for Xylem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xylem and related companies with MarketBeat.com's FREE daily email newsletter.
