LyondellBasell Industries N.V. (LYB) Declares $1.25 Dividend
LyondellBasell Industries N.V. said on February 23, 2024 that its board of directors declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). Previously, the company paid $1.25 per share.
Shareholders of record as of March 4, 2024 will receive the payment on March 11, 2024.
At the current share price of $100.28 / share, the stock's dividend yield is 4.99%.
Looking back five years and taking a sample every week, the average dividend yield has been 5.17%, the lowest has been 3.64%, and the highest has been 12.03%. The standard deviation of yields is 0.99 (n=234).
The current dividend yield is 0.19 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.77. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
- Read the Ultimate Guide to Dividend Harvesting.
The company's 3-Year dividend growth rate is 0.19%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1835 funds or institutions reporting positions in LyondellBasell Industries N.V.. This is an increase of 62 owner(s) or 3.50% in the last quarter. Average portfolio weight of all funds dedicated to LYB is 0.28%, a decrease of 7.23%. Total shares owned by institutions decreased in the last three months by 5.98% to 250,849K shares. 
The put/call ratio of LYB is 1.09, indicating a bearish outlook.
Analyst Price Forecast Suggests 3.09% Upside
As of February 24, 2024, the average one-year price target for LyondellBasell Industries N.V. is 103.38. The forecasts range from a low of 85.85 to a high of $122.85. The average price target represents an increase of 3.09% from its latest reported closing price of 100.28.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for LyondellBasell Industries N.V. is 39,678MM, a decrease of 3.48%. The projected annual non-GAAP EPS is 11.01.
What are Other Shareholders Doing?
DODGX - Dodge & Cox Stock Fund holds 10,501K shares representing 3.24% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,060K shares representing 2.48% ownership of the company. In it's prior filing, the firm reported owning 8,133K shares, representing a decrease of 0.91%. The firm increased its portfolio allocation in LYB by 6.08% over the last quarter.
Wellington Management Group Llp holds 7,972K shares representing 2.46% ownership of the company. In it's prior filing, the firm reported owning 8,722K shares, representing a decrease of 9.40%. The firm decreased its portfolio allocation in LYB by 89.90% over the last quarter.
Jpmorgan Chase holds 6,889K shares representing 2.12% ownership of the company. In it's prior filing, the firm reported owning 4,262K shares, representing an increase of 38.13%. The firm increased its portfolio allocation in LYB by 41.33% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,154K shares representing 1.90% ownership of the company. In it's prior filing, the firm reported owning 6,044K shares, representing an increase of 1.80%. The firm increased its portfolio allocation in LYB by 7.52% over the last quarter.
LyondellBasell Industries Background Information
(This description is provided by the company.)
LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges?like?enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world's largest producer of polypropylene compounds and the largest licensor of polyolefin technologies.?In 2021, LyondellBasell was named to FORTUNE Magazine's list of the 'World's Most Admired Companies' for the fourth consecutive year.?
Additional reading:
- LYB INTERNATIONAL FINANCE III, LLC Officer’s Certificate February 28, 2024
- 2024 Form of Restricted Stock Unit Award Agreement
- Form of Performance Share Unit Award Agreement
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