LyondellBasell Industries N.V. (LYB) Raises Dividend by 2.2%

On May 23, LyondellBasell Industries N.V. (NYSE:LYB) declared a 2.2% hike in its quarterly dividend to $1.37 per share.

LyondellBasell Industries N.V. (NYSE:LYB) is a global chemical producer headquartered in the Netherlands. The company focuses on plastics, chemicals, and refining. It recently increased its dividend for the 15th year in a row, continuing its consistent track record of annual dividend growth.

CEO Peter Vanacker made the following comment on the recent dividend hike:

“LYB continues to reward shareholders with a strong and growing dividend in 2025, which will mark 15 consecutive years of dividend increases. The growth of our dividend reaffirms confidence in our disciplined capital deployment, our value-driven strategy and our capability to navigate the cycle during these challenging times.”

In addition to a strong dividend growth streak, LYB offers an attractive dividend yield of 9.55%, as recorded on May 23. The stock will trade ex-dividend on June 9.

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READ MORE: 10 Unstoppable Dividend Stocks to Buy Now and 25 High Dividend Stocks Being Targeted By Short Sellers

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