5 Chemical Dividend Stock with Over 2% Yield

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In this article, we discuss the 5 best chemical dividend stocks with over 2% yield. If you want to read our detailed analysis of the chemical industry, go directly to read 10 Chemical Dividend Stock with Over 2% Yield.

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

Number of Hedge Fund Holders: 39
Dividend Yield as of December 12: 5.15%

LyondellBasell Industries N.V. (NYSE:LYB) is a Dutch chemical company that produces relevant materials to tackle modern challenges, such as food safety and water purity.

Since the start of 2021, LyondellBasell Industries N.V. (NYSE:LYB) increased its dividend by 7.62%, indicating a stable dividend for investors. On the whole, the company has a 10-year track record of consistent dividend growth, which places it in the list of the best chemical dividend stocks. In Q3, LyondellBasell Industries N.V. (NYSE:LYB) earned $12.7 billion in revenue, up 87.3% from the same period last year. The company’s revenue was mainly driven by robust demand and strong market conditions. Recently, HSBC upgraded LyondellBasell Industries N.V. (NYSE:LYB) to Buy, while maintaining a $112 price target on the stock.

As of Q3, Eagle Capital Management held over 3.2 million shares in LyondellBasell Industries N.V. (NYSE:LYB), becoming its largest shareholder for the quarter. Overall, 39 hedge funds in Insider Monkey’s database reported owning stakes in the company in Q3, down from 41 in the preceding quarter. The total value of these stakes is over $676.5 million.


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