Xylem Inc. (XYL) to Issue Quarterly Dividend of $0.43 on June 25th

Xylem Inc. (NYSE:XYL) declared a quarterly dividend on Friday, May 15th. Shareholders of record on Thursday, May 28th will be given a dividend of 0.43 per share by the industrial products company on Thursday, June 25th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Thursday, May 28th.

Xylem has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years. Xylem has a dividend payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.1%

XYL opened at $110.41 on Tuesday. The firm has a market cap 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. Xylem has a 52 week low of $105.29 and a 52 week high of $154.27. The business’s 50 day moving average is $118.69 and its two-hundred day moving average is $130.76. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.13.

Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.09 by $0.03. Xylem had a return on equity of 11.26% and a net margin of 10.79%.The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. Xylem has set its FY 2026 guidance at 5.350-5.600 EPS. On average, research analysts predict that Xylem will post 5.51 EPS for the current year.

Xylem declared that its board has initiated a share buyback program on Wednesday, February 25th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the industrial products company to buy up to 4.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership 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.