LYB announces increase to quarterly dividend
LyondellBasell (NYSE: LYB) has announced a quarterly dividend increase of $0.03 per share, bringing the new dividend to $1.37 per share.
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Rhea-AI Summary
LyondellBasell (NYSE: LYB) has announced a quarterly dividend increase of $0.03 per share, bringing the new dividend to $1.37 per share. The dividend will be paid on June 9, 2025, with an ex-dividend and record date of June 2, 2025. This marks the company's 15th consecutive year of dividend increases, demonstrating LYB's commitment to shareholder returns. CEO Peter Vanacker emphasized that this increase reflects the company's confidence in its disciplined capital deployment and value-driven strategy, particularly during challenging market conditions.
Positive
- Dividend increased by $0.03 to $1.37 per share
- 15 consecutive years of dividend increases
- Demonstrates strong capital allocation and financial stability
Negative
- Company acknowledges challenging market conditions
Details
News Market Reaction – LYB
The recorded move for LYB in the trading session of this news was -0.36%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HOUSTON and LONDON, May 23, 2025 (GLOBE NEWSWIRE) -- LyondellBasell (NYSE: LYB) today announced its board of directors has declared a quarterly dividend of
“LYB continues to reward shareholders with a strong and growing dividend in 2025, which will mark 15 consecutive years of dividend increases,” said CEO Peter Vanacker. “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.”
About LyondellBasell
We are LyondellBasell (NYSE: LYB) – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.
Nick Facchin LyondellBasell 713-623-3643 nick.facchin@lyondellbasell.com
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