LyondellBasell Announces Quarterly Dividend

Rhea-AI Summary

LyondellBasell (LYB) declares a dividend of $1.25 per share, to be paid on December 4, 2023, to shareholders of record on November 27, 2023, with an ex-dividend date of November 24, 2023. The announcement indicates the company's commitment to rewarding shareholders and providing a steady income stream. This news is significant for investors seeking stable returns and may impact the stock's attractiveness for income-focused investors.

Positive

• The dividend declaration demonstrates LyondellBasell's financial strength and commitment to rewarding shareholders, potentially enhancing investor confidence in the company's stability and long-term prospects.

Negative

• None.

HOUSTON and LONDON, Nov. 17, 2023 /PRNewswire/ -- LyondellBasell today announced it has declared a dividend of $1.25 per share, to be paid December 4, 2023, to shareholders of record on November 27, 2023, with an ex-dividend date of November 24, 2023.

About LyondellBasell

We are LyondellBasell (NYSE: LYB) – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.

 

 

 

 

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SOURCE Lyondell Chemical Company

FAQ

What is the dividend amount declared by LyondellBasell?

LyondellBasell has declared a dividend of $1.25 per share.

When will the dividend be paid?

The dividend is scheduled to be paid on December 4, 2023.

What is the ex-dividend date?

The ex-dividend date is November 24, 2023.

Who are eligible to receive the dividend?

Shareholders of record on November 27, 2023, are eligible to receive the dividend.

What does the dividend announcement indicate about LyondellBasell?

The dividend announcement reflects the company's commitment to rewarding shareholders and providing a steady income stream, potentially impacting the stock's attractiveness for income-focused investors.