LyondellBasell Industries NV (LYB) Plans Dividend of $1.00

LyondellBasell Industries NV (NYSE:LYB) declared a dividend on Friday, November 30th, Fidelity reports. Shareholders of record on Monday, December 10th will be given a dividend of 1.00 per share by the specialty chemicals company on Monday, December 17th. The ex-dividend date of this dividend is Friday, December 7th. This is a boost from LyondellBasell Industries’s previous dividend of $0.78.

LyondellBasell Industries has raised its dividend payment by an average of 9.6% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. LyondellBasell Industries has a payout ratio of 34.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect LyondellBasell Industries to earn $11.34 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 35.3%.

NYSE LYB opened at $93.31 on Friday. The company has a market capitalization of $35.80 billion, a price-to-earnings ratio of 9.12, a P/E/G ratio of 0.83 and a beta of 1.24. LyondellBasell Industries has a fifty-two week low of $85.60 and a fifty-two week high of $121.95. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.82 and a quick ratio of 1.09.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Tuesday, October 30th. The specialty chemicals company reported $2.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.68 by $0.28. The firm had revenue of $10.16 billion during the quarter, compared to analysts’ expectations of $9.95 billion. LyondellBasell Industries had a return on equity of 47.35% and a net margin of 15.01%. LyondellBasell Industries’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.67 EPS. As a group, sell-side analysts forecast that LyondellBasell Industries will post 11.81 earnings per share for the current fiscal year.

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc bought 1,602,455 shares of LyondellBasell Industries stock in a transaction dated Thursday, November 8th. The stock was bought at an average cost of $95.65 per share, for a total transaction of $153,274,820.75. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have bought 4,396,236 shares of company stock valued at $418,088,113. Company insiders own 0.09% of the company’s stock.

A number of equities analysts have weighed in on the company. BMO Capital Markets upped their price target on LyondellBasell Industries from $111.00 to $112.00 and gave the stock a “market perform” rating in a report on Tuesday, August 7th. Cowen upped their price target on LyondellBasell Industries from $110.00 to $113.00 and gave the stock a “market perform” rating in a report on Friday, August 10th. BNP Paribas assumed coverage on LyondellBasell Industries in a report on Tuesday, October 2nd. They issued an “outperform” rating and a $129.00 price target for the company. Zacks Investment Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a report on Thursday, August 9th. Finally, Standpoint Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $116.88.

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LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers, copolymers, and compounds.

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Dividend History for LyondellBasell Industries (NYSE:LYB)

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