WASHINGTON - Xylem Inc. (NYSE:XYL), a global water technology company, has announced a quarterly dividend of $0.36 per share, scheduled to be paid on June 27, 2024, to shareholders of record by May 30, 2024. The declaration reflects the company's continued commitment to providing returns to its shareholders.
Xylem, with a workforce of 23,000 employees, reported a pro forma revenue of $8.1 billion for the year 2023. The company emphasizes its role in addressing critical water challenges worldwide through innovative solutions. It operates in over 150 countries, aiming to enhance water and resource management and support communities in achieving water security.
InvestingPro Insights
Xylem Inc. (NYSE:XYL) has shown a robust financial performance, with the company's commitment to shareholder returns underscored by its latest dividend announcement. According to InvestingPro data, Xylem boasts a market capitalization of $34.72 billion, reflecting its significant presence in the global water technology market. The company's revenue growth has been impressive, with a 39.51% increase in the last twelve months as of Q1 2024, demonstrating its successful expansion and operational efficiency.
The company's dedication to shareholder value is further exemplified by its consistent dividend payments, with an InvestingPro Tip highlighting that Xylem has raised its dividend for 13 consecutive years. This consistent increase in dividends is a testament to Xylem's stable financial health and its strategy of rewarding investors. Additionally, the company's stock has experienced a substantial price uptick, with a 6-month price total return of 41.92%, showcasing strong market confidence in Xylem's growth prospects.
For investors looking for more insights and information on Xylem's performance and future outlook, there are additional InvestingPro Tips available at https://www.investing.com/pro/XYL. These tips provide a deeper analysis of the company's financial health and market position. Interested investors can also take advantage of a special offer by using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking even more valuable investment information.
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