Friday, May
19th the Board of Directors of LyondellBasell Industries N.V. (LYB)
announced
a quarterly dividend increase of from $1.19 to $1.25 per share that’s
payable June 6, 2023 to holders of record May 30, 2023. This
represents a 5.04% increase over the last quarter dividend.
"2023 marks our 13th consecutive
year of annual dividend growth. Our increasing dividend demonstrates
our ongoing commitment to deliver strong returns for LyondellBasell
shareholders. It is also aligned with our long-term target of
returning 70 percent of free cash flow to shareholders that we shared
at our Capital Markets Day," said Peter Vanacker, CEO of
LyondellBasell. "We will continue our balanced approach to
capital deployment as we establish our leadership in creating
solutions for everyday sustainable living."
With current price $90.84 (today's
open), this raise brings their dividend yield to 5.50%.