LyondellBasell Industries N.V. Plans Quarterly Dividend of $1.37 (NYSE:LYB)

LyondellBasell Industries N.V. (NYSE:LYB) announced a quarterly dividend on Friday, November 21st. Investors of record on Monday, December 1st will be paid a dividend of 1.37 per share by the specialty chemicals company on Monday, December 8th. This represents a c) annualized dividend and a dividend yield of 12.2%. The ex-dividend date is Monday, December 1st.

LyondellBasell Industries has raised its dividend by an average of 0.0%per year 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 89.8% meaning 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 LYB traded up $2.24 during mid-day trading on Friday, hitting $44.79. 6,072,593 shares of the company traded hands, compared to its average volume of 4,198,737. The stock has a market cap of $14.42 billion, a price-to-earnings ratio of 58.17 and a beta of 0.87. The stock has a 50-day moving average price of $47.30 and a two-hundred day moving average price of $54.18. LyondellBasell Industries has a 1 year low of $41.58 and a 1 year high of $85.25. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.21. The business had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.41 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.88 earnings per share. Equities analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Insider Activity

In other news, EVP Kimberly A. Foley acquired 5,661 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were bought at an average price of $43.56 per share, with a total value of $246,593.16. Following the completion of the purchase, the executive vice president directly owned 67,688 shares in the company, valued at $2,948,489.28. This trade represents a 9.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On LyondellBasell Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. Investment Management Corp VA ADV lifted its position in shares of LyondellBasell Industries by 177.6% in the 1st quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 261 shares during the period. Capital A Wealth Management LLC raised its stake in LyondellBasell Industries by 6,314.3% in the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 442 shares in the last quarter. MTM Investment Management LLC purchased a new stake in LyondellBasell Industries during the second quarter worth $26,000. Parvin Asset Management LLC bought a new stake in LyondellBasell Industries during the 2nd quarter valued at $26,000. Finally, Hilltop National Bank bought a new position in shares of LyondellBasell Industries in the 2nd quarter worth $29,000. Institutional investors own 71.20% of the company’s stock.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.