LyondellBasell Industries N.V. (NYSE:LYB) is included among the 10 Highest Dividend-Paying Stocks to Buy in the S&P 500.
LyondellBasell Industries N.V. is a leading global chemicals, plastics, and polymers manufacturer with end markets that include packaging, automotive, and building materials. The chemical business has a cyclical aspect to it, so dividends aren’t a given, but the company seems well-positioned to keep its payout covered. Stronger market conditions could help to bring in more cash, and even if the company cuts its dividend, the lofty yield could still provide a decent return for investors. Although there are reasons to be cautious given the volatility of the industry, LYB is a relatively dependable dividend stock.
LyondellBasell Industries N.V. approach concentrates on broadening its Circular and Low Carbon Solutions business, transforming its portfolio, driving greater efficiency and cost management, and exiting the refining business completely.
LyondellBasell Industries N.V. currently offers a quarterly dividend of $1.37 per share, representing a 2.2% raise in May and the 15th straight year of dividend increase, which makes it one of the best dividend stocks to buy. As of September 27, the stock has a dividend yield of 11.08%.
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