HomeMost PopularLyondellBasell Industries N.V. (LYB): A Dividend Delight?

LyondellBasell Industries N.V. (LYB): A Dividend Delight?

Actionable Trade Ideas

always free

A Steady Dividend

LyondellBasell Industries N.V. announced a $1.25 quarterly dividend on February 23, 2024, keeping in line with its previous payouts. Shareholders of record by March 4, 2024, will reap the rewards on March 11, 2024.

The Numbers Game

At the current share price of $100.28, the stock’s dividend yield stands at 4.99%. Over the past five years, the average yield has been 5.17%, with a low of 3.64% and a high of 12.03%. The current yield is slightly below the historical norm, standing at 0.19 standard deviations.

The company’s dividend payout ratio of 0.77 indicates a healthy balance in distributing profits to shareholders while retaining funds for growth.

With a 3-year dividend growth rate of 0.19%, LyondellBasell has shown a consistent commitment to increasing shareholder returns over time.

Fund Sentiments & Analyst Forecasts

The number of funds invested in LyondellBasell Industries N.V. increased by 3.5% in the last quarter, with the average portfolio weight decreasing slightly to 0.28%. Total institutional shares dropped by 5.98% to 250,849K shares, reflecting a mixed sentiment.

Analyst price forecasts suggest a potential 3.09% upside, with price targets ranging from $85.85 to $122.85.

Shareholder Moves

Institutional investors have shown varied activity with Dodge & Cox Stock Fund maintaining its stake, Vanguard Total Stock Market Index Fund reducing ownership, and Wellington Management Group Llp and Jpmorgan Chase adjusting their portfolio allocations significantly.

Company Overview

LyondellBasell Industries N.V. stands as a global leader in plastics, chemicals, and refining, providing essential materials for diverse applications worldwide. The company’s recognition on Fortune Magazine’s β€˜World’s Most Admired Companies’ list for four consecutive years underscores its industry influence and reputation.

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.