Xylem: Dividend Insights
Portfolio Pulse from Benzinga Insights
Xylem (NYSE:XYL) announced a quarterly dividend of 33 cents per share, with the ex-dividend date set for Monday. Shareholders owning XYL stock by the end of Friday are eligible for the dividend, which will be paid on December 19, 2023. The stock is expected to open 33 cents lower on Monday to reflect the dividend payout.
November 15, 2023 | 2:45 pm
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Xylem is set to pay a quarterly dividend of 33 cents per share, with shares expected to open lower by the dividend amount on the ex-dividend date.
The stock price of Xylem is likely to decrease in the short term by the amount of the dividend as the stock goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price. However, this is a short-term impact and does not necessarily reflect the company's long-term value.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100