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

LyondellBasell Industries N.V. (NYSE:LYB) declared a quarterly dividend on Friday, May 22nd. Stockholders 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) annualized dividend and a dividend 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 payout ratio of 45.2% indicating that its dividend is sufficiently covered by earnings. 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 Down 0.6%

Shares of NYSE LYB traded down $0.42 during midday trading on Friday, hitting $69.66. The company’s stock had a trading volume of 6,063,241 shares, compared to its average volume of 7,401,330. The business’s fifty day simple moving average is $74.00 and its two-hundred day simple moving average is $58.11. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. LyondellBasell Industries has a 1 year low of $41.58 and a 1 year high of $83.94. The firm has a market capitalization of $22.49 billion, a price-to-earnings ratio of -27.98, a price-to-earnings-growth ratio of 0.17 and a beta of 0.32.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The company had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter in the prior year, the business earned $0.33 EPS. LyondellBasell Industries’s revenue was down 6.3% on a year-over-year basis. On average, equities analysts predict that LyondellBasell Industries will post 8.73 EPS 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.