LyondellBasell Industries N.V. (LYB) to Issue Quarterly Dividend of $0.69 on March 9th

LyondellBasell Industries N.V. (NYSE:LYB) declared a quarterly dividend on Thursday, February 19th. Shareholders of record on Monday, March 2nd will be given a dividend of 0.69 per share by the specialty chemicals company on Monday, March 9th. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Monday, March 2nd.

LyondellBasell Industries has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 14 years. LyondellBasell Industries has a dividend payout ratio of 45.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect LyondellBasell Industries to earn $7.96 per share next year, which means the company should continue to be able to cover its $2.76 annual dividend with an expected future payout ratio of 34.7%.

LyondellBasell Industries Trading Up 2.1%

Shares of LYB stock traded up $1.21 during mid-day trading on Friday, reaching $57.51. 6,480,560 shares of the stock traded hands, compared to its average volume of 6,992,179. The company has a market cap of $18.53 billion, a price-to-earnings ratio of -24.68, a price-to-earnings-growth ratio of 0.40 and a beta of 0.70. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20. The stock’s fifty day simple moving average is $50.94 and its two-hundred day simple moving average is $49.46. LyondellBasell Industries has a 1-year low of $41.58 and a 1-year high of $78.41.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.44). LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%.The business had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. The firm’s quarterly revenue was down 9.2% on a year-over-year basis. On average, research analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of LyondellBasell Industries from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, February 2nd. Wolfe Research cut their target price on LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating on the stock in a report on Monday, February 2nd. JPMorgan Chase & Co. decreased their price target on LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. UBS Group lowered their price objective on LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating for the company in a research report on Tuesday, December 23rd. Finally, Mizuho upped their target price on LyondellBasell Industries from $49.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, January 30th. One research analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $51.12.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.