LyondellBasell Industries (NYSE:LYB) Plans Quarterly Dividend of $1.34

LyondellBasell Industries (NYSE:LYB) declared a quarterly dividend on Friday, February 28th, NASDAQ Dividends reports. Stockholders of record on Monday, March 10th will be paid a dividend of 1.34 per share by the specialty chemicals company on Monday, March 17th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.98%. The ex-dividend date is Monday, March 10th.

LyondellBasell Industries has increased its dividend payment by an average of 5.9% annually over the last three years and has increased its dividend every year for the last 13 years. LyondellBasell Industries has a payout ratio of 65.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect LyondellBasell Industries to earn $7.96 per share next year, which means the company should continue to be able to cover its $5.36 annual dividend with an expected future payout ratio of 67.3%.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $76.77 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02. The stock’s 50 day moving average is $75.92 and its 200-day moving average is $84.44. The firm has a market capitalization of $24.93 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 0.97 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same period last year, the business earned $1.26 EPS. Sell-side analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LYB shares. Barclays lowered their price target on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. UBS Group lowered their price target on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Royal Bank of Canada increased their price target on LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Morgan Stanley lowered their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Finally, The Goldman Sachs Group lowered their price target on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $88.25.

Insider Buying and Selling

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of $76.06 per share, with a total value of $380,300.00. Following the acquisition, the director now owns 18,175 shares in the company, valued at $1,382,390.50. The trade was a 37.95 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.11% of the stock is currently owned by insiders.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.