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LyondellBasell Announces Quarterly Dividend

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LyondellBasell declares a dividend of $1.25 per share, payable on March 11, 2024, to shareholders of record on March 4, 2024.
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Insights

The declaration of a $1.25 per share dividend by LyondellBasell represents a direct return on investment for shareholders and can be seen as a signal of the company's current financial health and future outlook. Dividends are typically distributed from profits and a stable or increasing dividend can indicate confidence in ongoing profitability. However, the size and sustainability of the dividend relative to the company's earnings and cash flow should be scrutinized. Investors should consider the dividend yield, which is the dividend per share divided by the share price, as a measure of the return on investment relative to the market value of the stock.

From a market perspective, the timing and consistency of LyondellBasell's dividend payments may affect investor sentiment. The ex-dividend date is critical as it determines the eligibility of shareholders to receive the declared dividend. Stocks often trade more actively around this date. In the broader context, consistent dividend payments can make the company's stock more attractive to income-focused investors, potentially increasing demand for the shares. The market will also consider how the dividend compares with those of competitors, as well as industry averages, which can influence sector investment flows.

Dividend declarations can have macroeconomic implications, reflecting broader economic conditions. A company's ability to pay out dividends may signal underlying economic strength, particularly in the industrial sectors where LyondellBasell operates. Conversely, a reduction or suspension of dividends could suggest economic headwinds or sector-specific challenges. It is essential to contextualize the dividend announcement within economic cycles, interest rate environments and inflationary pressures, as these factors can impact both the company's performance and the real value of the dividends received by shareholders.

HOUSTON and LONDON, Feb. 23, 2024 /PRNewswire/ -- LyondellBasell today announced it has declared a dividend of $1.25 per share, to be paid March 11, 2024, to shareholders of record on March 4, 2024, with an ex-dividend date of March 1, 2024.

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.

LyondellBasell (PRNewsfoto/LyondellBasell Industries)

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/lyondellbasell-announces-quarterly-dividend-302068961.html

SOURCE LyondellBasell

FAQ

What is the dividend per share declared by LyondellBasell?

LyondellBasell has declared a dividend of $1.25 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on March 11, 2024.

When is the ex-dividend date for LyondellBasell?

The ex-dividend date for LyondellBasell is March 1, 2024.

Who are eligible to receive the dividend from LyondellBasell?

Shareholders of record on March 4, 2024, are eligible to receive the dividend from LyondellBasell.

LyondellBasell Industries N.V.

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