LyondellBasell Industries N.V. (LYB) To Go Ex-Dividend on August 24th

LyondellBasell Industries N.V. (NYSE:LYB) announced a quarterly dividend on Friday, August 14th. Investors of record on Monday, August 24th will be given a dividend of 0.69 per share by the specialty chemicals company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Monday, August 24th.

LyondellBasell Industries has increased its dividend payment by an average of 0.1%per year 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 45.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect LyondellBasell Industries to earn $6.31 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 43.7%.

LyondellBasell Industries Stock Up 2.2%

Shares of NYSE:LYB opened at $63.76 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05. The stock has a fifty day simple moving average of $59.37 and a two-hundred day simple moving average of $64.55. LyondellBasell Industries has a 12-month low of $41.58 and a 12-month high of $83.94. The stock has a market capitalization of $20.60 billion, a price-to-earnings ratio of -56.42, a PEG ratio of 0.17 and a beta of 0.31.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.86. The firm had revenue of $9.18 billion for the quarter, compared to analysts’ expectations of $9.21 billion. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.The company’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 earnings per share. On average, research analysts anticipate that LyondellBasell Industries will post 9.39 earnings per share for the current fiscal year.

LyondellBasell Industries Company Profile

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.