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.
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