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

LyondellBasell Industries N.V. (NYSE:LYB) announced a quarterly dividend on Friday, February 20th. Shareholders 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) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Monday, March 2nd.

LyondellBasell Industries has increased its dividend payment 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 89.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 NYSE LYB traded up $1.39 during trading on Friday, hitting $56.72. The company had a trading volume of 12,091,124 shares, compared to its average volume of 6,510,702. The firm has a market capitalization of $18.26 billion, a P/E ratio of -24.34, a price-to-earnings-growth ratio of 0.38 and a beta of 0.70. LyondellBasell Industries has a 12 month low of $41.58 and a 12 month high of $78.41. The stock has a 50 day simple moving average of $49.55 and a 200 day simple moving average of $49.21. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77.

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