LyondellBasell Industries (LYB) To Go Ex-Dividend on August 26th

LyondellBasell Industries (NYSE:LYB) declared a quarterly dividend on Friday, August 16th, RTT News reports. Stockholders of record on Monday, August 26th will be paid a dividend of 1.34 per share by the specialty chemicals company on Tuesday, September 3rd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date of this dividend is Monday, August 26th.

LyondellBasell Industries has increased its dividend payment by an average of 5.6% 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 56.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect LyondellBasell Industries to earn $9.67 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 55.4%.

LyondellBasell Industries Price Performance

LYB opened at $98.29 on Friday. The business’s 50-day moving average is $96.01 and its two-hundred day moving average is $98.28. LyondellBasell Industries has a 1 year low of $88.46 and a 1 year high of $107.02. The firm has a market capitalization of $32.01 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The business had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.44 billion. During the same quarter in the prior year, the firm posted $2.44 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. Research analysts anticipate that LyondellBasell Industries will post 8.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Barclays upped their target price on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Monday, May 6th. JPMorgan Chase & Co. boosted their target price on LyondellBasell Industries from $110.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Royal Bank of Canada increased their price target on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Wells Fargo & Company decreased their price objective on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $107.55.

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.