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

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%annually over the last three years and has increased its dividend annually for the last 14 consecutive 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 $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

NYSE:LYB traded down $0.42 during midday trading on Friday, reaching $69.66. The stock had a trading volume of 6,063,241 shares, compared to its average volume of 7,401,330. The firm has a fifty day simple moving average of $74.00 and a two-hundred day simple moving average of $58.11. LyondellBasell Industries has a 12-month low of $41.58 and a 12-month high of $83.94. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. The stock has a market cap of $22.49 billion, a P/E ratio of -27.98, a P/E/G ratio of 0.17 and a beta of 0.32.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, beating 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 last year, the firm posted $0.33 EPS. On average, equities analysts expect that LyondellBasell Industries will post 8.73 EPS for the current year.

LyondellBasell Industries Company Profile

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.