The repurchases will be made in the open market and are expected to be executed over three years.
 
Xylem has also announced that its second quarter dividend of US$0.1164 per share will be payable on 18 September 2013 to shareowners of record on 4 September 2013.
 
“We believe this provides a balanced approach to enhance shareowner return,” said Xylem president and CEO Gretchen McClain. “Our strong cash generation and prudent usage of cash allow us to deploy our capital in a manner that benefits our shareowners and maintains our focus on growth.”