Xylem (XYL) will initiate a $0.1012 per share quarterly dividend in the fourth quarter of 2011. This first ever dividend will be paid on December 31, 2011 to shareholders of record on November 16, 2011. The ex-date for this 12 cent dividend is November 14.

Xylem Inc. is water technology company. Xylem’s products and services move, treat, analyze, monitor and return water to the environment in public utility, industrial, residential and commercial building services settings. Xylem also provides a portfolio of smart metering, network technologies and advanced infrastructure analytics solutions for water, electric and gas utilities. The company's brands include Flygt, Wedeco, Godwin, Lowara, Flojet and Flowtronex. The name Xylem is derived from classical Greek and is the tissue that transports water in plants.