LyondellBasell Industries N.V. (NYSE:LYB) Plans $1.37 Quarterly Dividend

LyondellBasell Industries N.V. (NYSE:LYB) announced a quarterly dividend on Friday, November 21st. Stockholders of record on Monday, December 1st will be given a dividend of 1.37 per share by the specialty chemicals company on Monday, December 8th. This represents a c) annualized dividend and a dividend yield of 12.2%. The ex-dividend date of this dividend is Monday, December 1st.

LyondellBasell Industries has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 14 years. LyondellBasell Industries has a dividend payout ratio of 89.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 $5.48 annual dividend with an expected future payout ratio of 68.8%.

LyondellBasell Industries Price Performance

LYB stock opened at $44.79 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. The stock’s 50 day moving average price is $47.09 and its 200 day moving average price is $54.10. The firm has a market cap of $14.42 billion, a P/E ratio of 58.17 and a beta of 0.87. LyondellBasell Industries has a 1 year low of $41.58 and a 1 year high of $85.25.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The business had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same quarter last year, the company earned $1.88 earnings per share. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. On average, sell-side analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LYB has been the subject of a number of recent research reports. Royal Bank Of Canada lowered their price target on shares of LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a report on Tuesday, August 5th. Mizuho set a $52.00 target price on shares of LyondellBasell Industries in a research report on Monday, November 3rd. UBS Group cut their price target on LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating for the company in a report on Monday, October 6th. Evercore ISI decreased their price objective on LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating on the stock in a report on Tuesday, November 11th. Finally, Rothschild & Co Redburn decreased their price target on LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $56.19.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.