LyondellBasell Industries N.V. (LYB) to Issue Quarterly Dividend of $0.69 on June 8th

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

LyondellBasell Industries has increased its dividend 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 $7.20 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 Stock Performance

LYB opened at $69.66 on Friday. The firm has a market capitalization of $22.49 billion, a PE ratio of -27.98, a PEG ratio of 0.16 and a beta of 0.32. LyondellBasell Industries has a twelve month low of $41.58 and a twelve month high of $83.94. The firm’s 50-day moving average price is $74.04 and its 200 day moving average price is $58.19. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.18. The firm had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. LyondellBasell Industries’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 earnings per share. As a group, sell-side analysts expect that LyondellBasell Industries will post 8.73 EPS for the current fiscal 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.