LyondellBasel Hikes Dividend, Boosts Buybacks

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Specialty materials-maker LyondellBasel Industries  (NYSE: LYB  )  announced yesterday that it was raising its quarterly dividend payment by 25%, to $0.50 per share, as well as authorizing the repurchase of up to 10% of the company's outstanding shares.

The board of directors said the first fiscal quarter dividend is payable on June 24 to the holders of record at the close of business on June 3. This will be the fourth increase in the last two years in addition to two special dividends it has paid in that time period.

The share repurchase program will be executed through open market or privately negotiated transactions over the next 12 months.

The new, regular dividend payment equates to a $2.00-per-share annual dividend, yielding 3.1% based on the closing price of LyondellBasel Industries' stock on May 22.

LYB Dividend Chart

LYB Dividend data by YCharts

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2450676, ~/Articles/ArticleHandler.aspx, 9/29/2016 9:57:41 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 41 minutes ago Sponsored by:
DOW 18,143.45 -195.79 -1.07%
S&P 500 2,151.13 -20.24 -0.93%
NASD 5,269.15 -49.39 -0.93%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/29/2016 4:02 PM
LYB $80.47 Up +0.47 +0.59%
LyondellBasell CAPS Rating: ****