5 Best Dividend Stocks to Buy Now According to Billionaire Kerr Neilson

2. LyondellBasell Industries N.V. (NYSE: LYB)

Neilson’s Stake Value: $72,665,000
Percentage of Kerr Neilson’s 13F Portfolio: 1.62%
Dividend Yield: 4.01%
No. of Hedge Fund Holders: 47

A Dutch-domiciled multinational chemical company with roots in Britain and America, LyondellBasell Industries N.V. (NYSE: LYB) ranks 2nd on this list of best dividend stocks to buy according to billionaire Kerr Neilson. This company is the largest licensor of polyethylene and polypropylene technologies.

LyondellBasell Industries N.V. (NYSE: LYB) recently released its 2020 sustainability report, which revealed that the company is attempting to end plastic waste and its negative impact on the environment. This showcases LyondellBasell Industries N.V.’s (NYSE: LYB) dedication to the climate action front.

The company has shown a $9.08 billion revenue report in the first quarter of 2021, and its EPS came in at $3.18 a share, the highest value in the past two years. LyondellBasell Industries N.V. (NYSE: LYB) has proven to have robust financials and reduced debt this year, also bumping up its common share dividend by 7.6%.