LyondellBasell sets quarterly dividend at $0.69 per share
Chemicals giant LyondellBasell will distribute $0.69 per share to shareholders, aligning with prior quarterly payouts.
LyondellBasell Industries NV declared a quarterly dividend of $0.69 per common share, the company said on Friday. The cash dividend is payable on June 10 to shareholders of record as of May 24.
The payout matches the previous quarterly dividend of $0.69 per share, maintaining the company’s consistent distribution policy. LyondellBasell has maintained this dividend level since the third quarter of 2023, reflecting stable cash flow generation amid volatile commodity markets.
The chemicals manufacturer, headquartered in Houston, Texas, operates in the petrochemicals and advanced polymers sectors. Its dividend announcement follows a period of steady financial performance, with the company reporting adjusted earnings of $1.2 billion in the first quarter of 2024, up 12% year-over-year.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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