5 Commodities Stocks That Pay Dividends

4. LyondellBasell Industries NV (NYSE:LYB)

Number of Hedge Fund Holders: 35

Forward Dividend Yield as of March 18: 4.37%

This February, BMO Capital analyst John McNulty raised his price target on LyondellBasell Industries NV (NYSE:LYB) to $103 from $95 and maintained a Market Perform rating on the stock.

On February 25, 2022, LyondellBasell Industries NV (NYSE:LYB) declared a quarterly cash dividend of $1.13 per share. The dividend was payable on March 14, 2022, to shareholders of record on March 7, 2022.

As of March 18, 2022, LyondellBasell Industries NV (NYSE:LYB) has a forward yield of 4.37% and has gained 13.91% over the past six months. Eagle Capital Management is the majority stakeholder in the company as of the fourth quarter of 2021. The fund’s stakes in the company amounted to $281.68 million, which makes up for 0.84% of Eagle Capital’s 13F portfolio.

Investors are bullish on LyondellBasell Industries NV (NYSE:LYB). As of the fourth quarter of 2021, 35 hedge funds held stakes in the company, which were worth $778.62 million, up from $676.59 million in the previous quarter when 39 hedge funds held stakes in the company.

Miller Howard Investments, an investment management firm, mentioned LyondellBasell Industries NV (NYSE:LYB) in its third-quarter 2021 investor letter. Here’s what the firm had to say:

“We initiated a position in LyondellBasell (LYB). Chemical markets are currently robust given the combination of 2020 plant shutdowns and strongly recovering demand. Despite the tailwinds, Lyondell trades at a low valuation and yields just under 5%.”