Xylem's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Xylem (NYSE:XYL) has announced a quarterly dividend of 33 cents per share. The ex-dividend date is Wednesday, meaning the stock will likely open 33 cents lower to reflect the payout. Shareholders who own XYL as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on September 28, 2023.
August 25, 2023 | 2:45 pm
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Xylem's stock is likely to open lower on Wednesday due to the ex-dividend date. However, the dividend payout could attract more investors, potentially balancing the short-term impact.
The ex-dividend date often leads to a temporary drop in a company's stock price, reflecting the amount of the dividend payout. However, the announcement of a dividend can also attract new investors, which could offset the short-term price drop.
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