LyondellBasell Industries N.V. (LYB) To Go Ex-Dividend on March 2nd

LyondellBasell Industries N.V. (NYSE:LYB) announced a quarterly dividend on Friday, February 20th. Shareholders of record on Monday, March 2nd will be paid a dividend of 0.69 per share by the specialty chemicals company on Monday, March 9th. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Monday, March 2nd.

LyondellBasell Industries has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 14 years. LyondellBasell Industries has a dividend payout ratio of 45.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect LyondellBasell Industries to earn $7.96 per share next year, which means the company should continue to be able to cover its $2.76 annual dividend with an expected future payout ratio of 34.7%.

LyondellBasell Industries Trading Up 2.5%

Shares of LYB stock opened at $56.72 on Friday. LyondellBasell Industries has a 1-year low of $41.58 and a 1-year high of $78.41. The company has a market cap of $18.26 billion, a price-to-earnings ratio of -24.34, a PEG ratio of 0.39 and a beta of 0.70. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20. The stock has a 50 day simple moving average of $49.55 and a 200-day simple moving average of $49.19.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.44). The company had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.82 billion. LyondellBasell Industries had a positive return on equity of 4.94% and a negative net margin of 2.46%.LyondellBasell Industries’s revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS. On average, equities research analysts expect that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.