LyondellBasell Industries N.V. Declares Quarterly Dividend of $0.69 (NYSE:LYB)

LyondellBasell Industries N.V. (NYSE:LYB) announced a quarterly dividend on Friday, May 22nd. Stockholders of record on Monday, June 1st will be paid a dividend of 0.69 per share by the specialty chemicals company on Monday, June 8th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Monday, June 1st.

LyondellBasell Industries has increased its dividend by an average of 0.1%annually 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 $7.20 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 38.3%.

LyondellBasell Industries Price Performance

Shares of LYB opened at $69.66 on Friday. LyondellBasell Industries has a fifty-two week low of $41.58 and a fifty-two week high of $83.94. The company has a market capitalization of $22.49 billion, a price-to-earnings ratio of -27.98, a price-to-earnings-growth ratio of 0.16 and a beta of 0.32. The firm has a 50-day simple moving average of $74.04 and a 200-day simple moving average of $58.19. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, equities research analysts anticipate that LyondellBasell Industries will post 8.73 earnings per share for the current year.

About LyondellBasell Industries

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.