LONDON, UK / ACCESSWIRE / December 01, 2017 / Active-Investors has a free review on LyondellBasell Industries N.V. (NYSE: LYB) following the Company's announcement that it will begin trading ex-dividend on December 04, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on December 01, 2017. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on LYB:
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Dividend Declared
On November 15, 2017, LyondellBasell announced that its Supervisory Board has authorized the Company's Management Board to declare a dividend of $0.90 per share. The dividend will be paid December 12, 2017, to shareholders of record December 05, 2017.
LyondellBasell's indicated dividend represents a yield of 3.43%, which is substantially higher compared to the average dividend yield of 2.42% for the Basic Materials sector. The Company has raised dividend for five consecutive years.
Dividend Insights
LyondellBasell has a dividend payout ratio of 36.1%, which means that the Company spends approximately $0.36 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, LyondellBasell is forecasted to report earnings of $9.42 for the next year, which is more than double the Company's annualized dividend of $3.60 per share.
LyondellBasell's cash and liquid investment balance was $3.1 billion at September 30, 2017. The Company paid dividends of $356 million during Q3 2017. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Recent Development for LyondellBasell
On November 27, 2017, LyondellBasell announced it has entered into a definitive agreement to purchase a 50% stake in Quality Circular Polymers (QCP), a high standard plastics recycling company in Sittard-Geleen, Netherlands. Under the terms of the agreement, LyondellBasell will be a 50 / 50 partner in QCP with SUEZ, a French Company specialized in water and waste management.
QCP was founded in 2014. Its Sittard-Geleen facility, near Maastricht, is capable of converting consumer waste into 35,000 tons of polypropylene (PP) and high-density polyethylene (HDPE) per year starting in 2018. LyondellBasell will market QCP materials following the completion of the transaction, which is subject to regulatory approval.
About LyondellBasell
LyondellBasell is one of the largest plastics, chemicals, and refining companies in the world. Driven by its 13,000 employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, and improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road. LyondellBasell sells products into approximately 100 countries and is the world's largest licensor of polyolefin and polypropylene technologies.
Stock Performance Snapshot
November 30, 2017 - At Thursday's closing bell, LyondellBasell Industries' stock marginally fell 0.30%, ending the trading session at $104.70.
Volume traded for the day: 2.76 million shares, which was above the 3-month average volume of 2.33 million shares.
Stock performance in the last month - up 1.13%; previous three-month period - up 15.58%; past twelve-month period - up 15.92%; and year-to-date - up 22.06%
After yesterday's close, LyondellBasell Industries' market cap was at $40.94 billion.
Price to Earnings (P/E) ratio was at 11.16.
The stock has a dividend yield of 3.44%.
The stock is part of the Basic Materials sector, categorized under the Specialty Chemicals industry. This sector was up 1.0% at the end of the session.
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