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

Key Points

• LyondellBasell declared a quarterly dividend of $0.69 per share, payable August 31 to shareholders of record as of August 24. The dividend implies an annualized payout of $2.76 and a yield of approximately 4.3%.
• The company has raised its dividend for 14 consecutive years, with a current payout ratio of 45.2%, suggesting the payment remains supported by earnings.
• LyondellBasell’s latest quarterly earnings beat estimates, with EPS of $4.30 versus the $3.44 consensus, while revenue reached $9.18 billion and rose 19.8% year over year.

LyondellBasell Industries N.V. (NYSE:LYB - Get Free Report) declared a quarterly dividend on Friday, August 14th. Stockholders of record on Monday, August 24th will be given a dividend of 0.69 per share by the specialty chemicals company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Monday, August 24th.

LyondellBasell Industries has increased its dividend by an average of 0.1%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 45.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect LyondellBasell Industries to earn $6.31 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 43.7%.

LyondellBasell Industries Trading Up 2.2%

Shares of LYB traded up $1.36 during mid-day trading on Friday, reaching $63.76. The stock had a trading volume of 1,715,362 shares, compared to its average volume of 6,544,060. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.64 and a quick ratio of 1.07. LyondellBasell Industries has a 52-week low of $41.58 and a 52-week high of $83.94. The business's fifty day moving average is $59.39 and its 200 day moving average is $64.56. The firm has a market cap of $20.60 billion, a price-to-earnings ratio of -56.42, a P/E/G ratio of 0.17 and a beta of 0.31.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, topping analysts' consensus estimates of $3.44 by $0.86. The company had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $9.21 billion. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. LyondellBasell Industries's quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 earnings per share. On average, sell-side analysts predict that LyondellBasell Industries will post 9.39 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.

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