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

LyondellBasell Industries N.V. (NYSE:LYB) declared a quarterly dividend on Friday, February 20th. Stockholders of record on Monday, March 2nd will be given a dividend of 0.69 per share by the specialty chemicals company on Monday, March 9th. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Monday, March 2nd.

LyondellBasell Industries has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 14 consecutive years. LyondellBasell Industries has a dividend payout ratio of 89.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect LyondellBasell Industries to earn $7.96 per share next year, which means the company should continue to be able to cover its $5.48 annual dividend with an expected future payout ratio of 68.8%.

LyondellBasell Industries Stock Performance

Shares of LYB traded up $1.39 during trading hours on Friday, hitting $56.72. The stock had a trading volume of 12,091,124 shares, compared to its average volume of 6,614,792. The firm has a market capitalization of $18.26 billion, a PE ratio of -24.34, a PEG ratio of 0.38 and a beta of 0.70. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20. LyondellBasell Industries has a 12 month low of $41.58 and a 12 month high of $78.41. The stock has a fifty day moving average price of $49.31 and a 200 day moving average price of $49.17.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.44). LyondellBasell Industries had a positive return on equity of 4.94% and a negative net margin of 2.46%.The firm had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the business posted $0.75 earnings per share. The company’s revenue for the quarter was down 9.2% on a year-over-year basis. Analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current year.

Institutional Investors Weigh In On LyondellBasell Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. grew its stake in LyondellBasell Industries by 36.7% during the fourth quarter. Sunbelt Securities Inc. now owns 12,112 shares of the specialty chemicals company’s stock valued at $524,000 after acquiring an additional 3,250 shares in the last quarter. White Knight Strategic Wealth Advisors LLC boosted its holdings in shares of LyondellBasell Industries by 20.1% during the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 5,814 shares of the specialty chemicals company’s stock valued at $252,000 after purchasing an additional 973 shares during the last quarter. Invesco Ltd. grew its position in shares of LyondellBasell Industries by 23.7% during the fourth quarter. Invesco Ltd. now owns 6,117,313 shares of the specialty chemicals company’s stock valued at $264,880,000 after purchasing an additional 1,173,869 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of LyondellBasell Industries by 28.0% in the fourth quarter. Corient Private Wealth LLC now owns 43,974 shares of the specialty chemicals company’s stock worth $1,904,000 after purchasing an additional 9,618 shares during the last quarter. Finally, Alberta Investment Management Corp purchased a new stake in shares of LyondellBasell Industries in the fourth quarter worth about $1,290,000. Institutional investors own 71.20% of the company’s stock.

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.