Xylem Inc. (NYSE:XYL) Declares Quarterly Dividend of $0.40

Key Points

• Xylem Inc. has declared a quarterly dividend of $0.40 per share, payable on September 25th, with stockholders of record on August 28th.
• The company maintains a dividend payout ratio of 31.0%, indicating strong earnings support for the dividend, with expected earnings of $5.22 per share next year.
• Xylem’s stock is currently priced at approximately $141.87 and has reported a net margin of 10.74% with a revenue increase of 6.1% year-over-year.

Xylem Inc. (NYSE:XYL - Get Free Report) announced a quarterly dividend on Thursday, August 14th, RTT News reports. Stockholders of record on Thursday, August 28th will be given a dividend of 0.40 per share by the industrial products company on Thursday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%.

Xylem has a dividend payout ratio of 31.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Xylem to earn $5.22 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 30.7%.

Xylem Price Performance

NYSE:XYL opened at $141.87 on Friday. Xylem has a 52 week low of $100.47 and a 52 week high of $145.33. The company has a quick ratio of 1.43, a current ratio of 1.90 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $34.53 billion, a PE ratio of 36.85, a price-to-earnings-growth ratio of 2.49 and a beta of 1.11. The stock's 50-day moving average price is $132.54 and its 200-day moving average price is $125.70.

Xylem (NYSE:XYL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.11. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.20 billion. Xylem had a net margin of 10.74% and a return on equity of 10.33%. Xylem's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $1.09 EPS. As a group, equities analysts expect that Xylem will post 4.65 EPS for the current fiscal year.

Institutional Trading of Xylem

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Xylem by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 29,697,829 shares of the industrial products company's stock valued at $3,841,711,000 after purchasing an additional 691,285 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Xylem by 2.3% during the 2nd quarter. Geode Capital Management LLC now owns 6,141,231 shares of the industrial products company's stock worth $791,029,000 after purchasing an additional 136,605 shares during the last quarter. Amundi lifted its position in shares of Xylem by 17.0% during the 2nd quarter. Amundi now owns 5,714,576 shares of the industrial products company's stock worth $730,717,000 after purchasing an additional 830,337 shares during the last quarter. Impax Asset Management Group plc lifted its position in shares of Xylem by 13.7% during the 2nd quarter. Impax Asset Management Group plc now owns 5,499,688 shares of the industrial products company's stock worth $709,183,000 after purchasing an additional 663,191 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Xylem by 7.9% during the 4th quarter. Royal Bank of Canada now owns 4,369,804 shares of the industrial products company's stock worth $506,985,000 after purchasing an additional 320,500 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Company Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.

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