LyondellBasell Industries (LYB) Raises Quarterly Dividend 5.9% to $0.90; 4.5% Yield; Announce Buyback Authorization

LyondellBasell Industries (NYSE: LYB) declared a quarterly dividend of $0.90 per share, or $3.6 annualized. This is a 5.9% increase from the prior dividend of $0.85.

The dividend will be payable on June 12, 2017, to stockholders of record on June 5, 2017, with an ex-dividend date of June 1, 2017.

The annual yield on the dividend is 4.5 percent.

The company also announced that at its Annual General Meeting on May 24, 2017, shareholders approved a new share repurchase program authorizing the company to repurchase up to 10 percent of the company's shares over the next 18 months. The repurchases will be executed from time to time through open market or privately negotiated transactions.

For a dividend history and other dividend-related data on LyondellBasell Industries (LYB) click here.

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