LyondellBasell Industries (LYB) To Go Ex-Dividend on March 10th

LyondellBasell Industries (NYSE:LYB) declared a quarterly dividend on Friday, February 28th, NASDAQ Dividends reports. Investors of record on Monday, March 10th will be given a dividend of 1.34 per share by the specialty chemicals company on Monday, March 17th. This represents a $5.36 dividend on an annualized basis and a yield of 6.98%. The ex-dividend date of this dividend is Monday, March 10th.

LyondellBasell Industries has raised its dividend payment by an average of 5.9% per year over the last three years and has raised its dividend every year for the last 13 years. LyondellBasell Industries has a dividend payout ratio of 65.1% indicating that 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 $5.36 annual dividend with an expected future payout ratio of 67.3%.

LyondellBasell Industries Stock Up 1.0 %

LYB stock opened at $76.77 on Friday. The company has a market cap of $24.93 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 0.97 and a beta of 1.05. The business has a 50-day simple moving average of $75.92 and a 200 day simple moving average of $84.44. LyondellBasell Industries has a 52 week low of $72.21 and a 52 week high of $107.02. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same period last year, the company posted $1.26 EPS. Sell-side analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Royal Bank of Canada boosted their target price on LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft lowered their target price on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday, November 4th. UBS Group lowered their target price on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, Morgan Stanley reduced their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $88.25.

Insiders Place Their Bets

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the acquisition, the director now owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

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.