On Friday, May 23rd the Board of Directors of LyondellBasell Industries N.V. (LYB) announced a quarterly dividend increase of from $1.34 to $1.37 per share, that’s payable June 9, 2025 to holders of record June 2, 2025. This represents a 2.24% increase over the last quarterly dividend.
“LYB continues to reward shareholders with a strong and growing dividend in 2025, which will mark 15 consecutive years of dividend increases,” said CEO Peter Vanacker. “The growth of our dividend reaffirms confidence in our disciplined capital deployment, our value-driven strategy and our capability to navigate the cycle during these challenging times.”
At the current price of $57.07 (yesterday's close), this increase will raise LYB's dividend yield to 9.60%.
LyondellBasell is a Dividend Contenders with a 15 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 6.7, 5.9, 4.9 and 6.9 (Dividend Champions.xls)
As an owner of 80 shares of LyondellBasell Industries N.V., the recent dividend increase adds $7.15 to my projected annual net dividend income.
The announced dividend increase was in line with my expectations. Given the current market environment, I would have been content with a smaller raise—or even a dividend freeze—so I'm pleased to see the company maintain its commitment to shareholder returns.
This recent dividend increase marks the third consecutive raise I've received from LyondellBasell since I initiated my position in July 2022. Over that time, LYB's quarterly dividend has grown modestly from $1.19 to $1.37 per share, representing a total increase of 15.1%.
The moment of writing, LYB’s weight of my portfolio is about 0.58% and its share of future annual dividend income is approximately 1.27%.
Following this increase, my yield on cost is 6.45%.
Summary of 2025 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long LYB
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