LyondellBasell Industries (NYSE:LYB) Declares Quarterly Dividend of $1.34

LyondellBasell Industries (NYSE:LYB - Get Free Report) declared a quarterly dividend on Friday, February 28th, NASDAQ Dividends reports. Investors of record on Monday, March 10th will be paid a dividend of 1.34 per share by the specialty chemicals company on Monday, March 17th. This represents a $5.36 annualized dividend and a yield of 7.03%. The ex-dividend date is Monday, March 10th.

LyondellBasell Industries has increased its dividend payment by an average of 5.9% per year over the last three years and has raised its dividend every year for the last 13 years. LyondellBasell Industries has a payout ratio of 65.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect LyondellBasell Industries to earn $7.96 per share next year, which means the company should continue to be able to cover its $5.36 annual dividend with an expected future payout ratio of 67.3%.

LyondellBasell Industries Trading Up 3.8 %

Shares of NYSE LYB traded up $2.77 during trading on Wednesday, hitting $76.24. 3,081,317 shares of the company traded hands, compared to its average volume of 2,059,879. The firm has a market capitalization of $24.76 billion, a P/E ratio of 18.41, a P/E/G ratio of 0.97 and a beta of 1.05. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The company has a 50-day moving average price of $75.90 and a 200-day moving average price of $84.02. LyondellBasell Industries has a 1 year low of $72.21 and a 1 year high of $107.02.

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LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same period last year, the firm posted $1.26 earnings per share. On average, equities analysts predict that LyondellBasell Industries will post 6.31 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. StockNews.com downgraded shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Royal Bank of Canada increased their price objective on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their target price on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Barclays cut their price objective on LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Monday, February 3rd. Finally, Morgan Stanley decreased their target price on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of "Hold" and a consensus price target of $88.25.

Insider Activity at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of the business's stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the acquisition, the director now directly owns 18,175 shares of the company's stock, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by company insiders.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.