Strong Dividend Yields Power LyondellBasell’s Recognition as a Leading Socially Responsible Stock
LyondellBasell Industries NV (Symbol: LYB) has earned the distinction of being a Top Socially Responsible Dividend Stock, according to Dividend Channel. This recognition highlights LYB’s impressive ”DividendRank” statistics, which feature a substantial 6.9% yield. The company is also acknowledged by respected asset managers for its commitment to socially responsible investment practices, evaluated through various environmental and social criteria.
When assessing environmental factors, analysts consider the impact of LyondellBasell’s products and its energy and resource efficiency. Meanwhile, social criteria involve crucial elements such as human rights, corporate diversity, and the company’s societal influence. Concerns about business activities related to weapons, gambling, tobacco, and alcohol are also taken into account.
According to the ETF Finder at ETF Channel, LyondellBasell Industries NV is included in the iShares USA ESG Select ETF (SUSA), where it constitutes 0.07% of the fund’s holdings, corresponding to a value of $3,532,832 in LYB shares.
The company pays an annualized dividend of $5.36 per share, distributed quarterly. The latest ex-dividend date was December 2, 2024. Analyzing LYB’s long-term dividend history, as depicted in the chart below, is crucial. Understanding past dividend patterns can offer insights into the likelihood of future dividend sustainability.
LyondellBasell operates in the Chemicals sector, competing alongside firms like TOMI Environmental Solutions Inc. (TOMZ) and Olin Corp. (OLN).
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
