On May 23, LyondellBasell Industries N.V. (NYSE:LYB) declared a 2.2% hike in its quarterly dividend to $1.37 per share.
LyondellBasell Industries N.V. is a global chemical producer headquartered in the Netherlands. The company focuses on plastics, chemicals, and refining. It recently increased its dividend for the 15th year in a row, continuing its consistent track record of annual dividend growth.
CEO Peter Vanacker made the following comment on the recent dividend hike:
“LYB continues to reward shareholders with a strong and growing dividend in 2025, which will mark 15 consecutive years of dividend increases. The growth of our dividend reaffirms confidence in our disciplined capital deployment, our value-driven strategy and our capability to navigate the cycle during these challenging times.”
LyondellBasell Industries N.V. has remained committed to its shareholder return over the years. In the most recent quarter, the company returned $543 million to investors through dividends and share repurchases.
In addition to a strong dividend growth streak, LYB offers an attractive dividend yield of 9.55%, as recorded on May 23. The stock will trade ex-dividend on June 9.
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