LyondellBasell Industries N.V. (LYB) to Distribute Quarterly Dividend of $0.69 on August 31st

LyondellBasell Industries N.V. (NYSE:LYB) declared a quarterly dividend on Friday, August 14th. Investors 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) dividend on an annualized basis and a dividend yield of 4.1%. 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 raised its dividend every year for the last 14 years. LyondellBasell Industries has a payout ratio of 45.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

LYB stock opened at $67.70 on Friday. LyondellBasell Industries has a one year low of $41.58 and a one year high of $83.94. The firm has a 50-day moving average of $59.60 and a two-hundred day moving average of $65.12. The company has a current ratio of 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $21.87 billion, a PE ratio of -59.91, a P/E/G ratio of 0.18 and a beta of 0.31.

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