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LYB LyondellBasell Industries NV

99.12
0.34 (0.34%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
LyondellBasell Industries NV NYSE:LYB NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.34 0.34% 99.12 99.77 98.90 99.09 1,506,978 01:00:00

LyondellBasell Raises Quarterly Dividend by 5%; Plans 10% Stock Buyback

31/05/2019 12:17pm

Dow Jones News


LyondellBasell Industrie... (NYSE:LYB)
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By Colin Kellaher

 

LyondellBasell Industries N.V. (LYB) on Friday said its board raised the quarterly dividend by 5% to $1.05 from $1.00.

The new payout, equal to $4.20 a year, represents an annual yield of about 5.43% based on Thursday's closing price of $77.41, up from about 5.17%.

The plastics and refining company also said its shareholders approved the repurchase of up to 10% of its roughly 370 million shares outstanding over the next 18 months.

LyondellBasell said the increased dividend is payable June 17 to shareholders of record June 10.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

May 31, 2019 07:02 ET (11:02 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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