LyondellBasell Declares $1.34 Per Share Dividend for Shareholders
LyondellBasell Declares $1.34 Per Share Dividend for Shareholders
LyondellBasell declared a $1.34 per share dividend, payable December 9, 2024, with a record date of December 2.
Quiver AI Summary
LyondellBasell has announced a dividend of $1.34 per share for its shareholders, which will be distributed on December 9, 2024, with the ex-dividend and record date set for December 2, 2024. The company positions itself as a leader in the global chemical industry, focusing on sustainable solutions and investments that support a circular and low carbon economy. LyondellBasell is one of the largest producers of polymers and specializes in polyolefin technologies, contributing to various sectors including sustainable transportation, food safety, clean water, and healthcare. For further information, interested parties can visit their website or LinkedIn page.
Potential Positives
- LyondellBasell has declared a solid dividend of $1.34 per share, demonstrating financial strength and commitment to returning value to shareholders.
- The dividend payment date is set for December 9, 2024, which provides shareholders with a clear timeline for expected returns.
- The ex-dividend and record date of December 2, 2024, allows investors to plan their investments effectively around the dividend cycle.
- The announcement highlights LyondellBasell's ongoing profitability and stability, reinforcing investor confidence in the company's performance and future prospects.
Potential Negatives
- Declaring a dividend may indicate that the company is prioritizing short-term shareholder returns over long-term investment in growth, which could raise concerns among investors about its future prospects.
FAQ
What is the latest dividend announced by LyondellBasell?
LyondellBasell has declared a dividend of $1.34 per share for its shareholders.
When will the dividend be paid to shareholders?
The dividend will be paid on December 9, 2024.
What are the ex-dividend and record dates for the dividend?
The ex-dividend and record date is December 2, 2024.
What industries does LyondellBasell's products support?
LyondellBasell's products support various industries including sustainable transportation, food safety, clean water, and healthcare.
How does LyondellBasell contribute to sustainability?
LyondellBasell enables a circular and low carbon economy through advanced technology and focused investments.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LYB Insider Trading Activity
$LYB insiders have traded $LYB stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here's a breakdown of recent trading of $LYB stock by insiders over the last 6 months:
- DALE D FRIEDRICHS (EVP, Ops Excellence, HSE) sold 4,970 shares.
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$LYB Hedge Fund Activity
We have seen 508 institutional investors add shares of $LYB stock to their portfolio, and 510 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PACER ADVISORS, INC. removed 4,766,968 shares (-98.7%) from their portfolio in Q3 2024
- NORGES BANK added 3,505,091 shares (+402.2%) to their portfolio in Q2 2024
- INVESCO LTD. added 1,290,137 shares (+33.6%) to their portfolio in Q3 2024
- JACOBS LEVY EQUITY MANAGEMENT, INC added 871,708 shares (+211.9%) to their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC removed 834,263 shares (-62.8%) from their portfolio in Q3 2024
- BNP PARIBAS FINANCIAL MARKETS added 634,832 shares (+134.6%) to their portfolio in Q3 2024
- UBS ASSET MANAGEMENT AMERICAS LLC added 599,128 shares (+42.4%) to their portfolio in Q2 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HOUSTON and LONDON, Nov. 22, 2024 (GLOBE NEWSWIRE) -- LyondellBasell (NYSE: LYB) today announced it has declared a dividend of $1.34 per share, to be paid to shareholders on Dec. 9, 2024, with an ex-dividend and record date of Dec. 2, 2024.
About LyondellBasell
We are LyondellBasell (NYSE: LYB) ― a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit
or follow
@LyondellBasell
on LinkedIn.
