LyondellBasel Keeps Dividend Steady

Specialty chemicals manufacturer LyondellBasel  announced today its third-quarter dividend of $0.50 per share, the same rate it's paid for the past two quarters after raising the payout 25% from $0.40 per share.

The board of directors said the quarterly dividend is payable on October 7 to holders of record at the close of business on September 23. The regular dividend payment equates to a $2.00-per-share annual dividend, yielding 2.8% based on the closing price today of LyondellBasel's stock.

LYB Dividend Chart


LYB Dividend data by YCharts. Chart reflects payment of special dividends.

The article LyondellBasel Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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