LyondellBasell raises quarterly dividend to $1.37 per share

On May 23, 2025, LyondellBasell, a notable company listed on the NYSE under the ticker symbol LYB, announced that its board of directors has declared a quarterly dividend of $1.37 per share. This marks a $0.03 increase compared to the company's first quarter 2025 dividend. The announcement comes at a time when the company is reaffirming its commitment to shareholder returns, emphasizing its strong financial health in a challenging economic environment. The dividend payment is set to take place on June 9, 2025. For shareholders, the ex-dividend and record date is June 2, 2025, indicating the cutoff point for those eligible to receive the dividend. The increase in dividend reflects LyondellBasell's continued growth and its strategy of returning value to shareholders while navigating cyclical market challenges. In a statement regarding the dividend, CEO Peter Vanacker highlighted that this year marks the 15th consecutive year of increased dividends, underscoring the company’s commitment to rewarding its shareholders. He expressed confidence in LyondellBasell's disciplined capital deployment strategy, which has played an essential role in ensuring financial stability and facilitating dividend growth. This announcement can be seen as a positive indicator for investors in LyondellBasell, suggesting a robust business model that is able to withstand economic fluctuations. The move aims to not only care for their shareholders but also to signal to the market that LyondellBasell is positioned to thrive even during difficult periods. The strategic focus on maintaining and increasing dividends has become integral to the company's operations as it aims to attract and retain investors looking for consistent returns amid the volatility common in the industrial sector.