LyondellBasell Industries (LYB) Declares $1.00 Quarterly Dividend, 4.3% Yield; Appoints Michael Hanley to Board

LyondellBasell Industries (NYSE: LYB) declared a quarterly dividend of $1.00 per share, or $4 annualized.

The dividend will be payable on December 17, 2018, to stockholders of record on December 10, 2018, with an ex-dividend date of December 7, 2018.

The annual yield on the dividend is 4.3 percent.

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

New Board Appointment

The company also announced that effective today, Michael Hanley has joined LyondellBasell's board of directors, filling the vacancy caused by the previously announced resignation of director Robert G. Gwin. Hanley has more than 25 years of experience in senior management and finance roles, including as Chief Financial Officer of Alcan and as Senior Vice President, Operations and Strategy at the National Bank of Canada. He also serves on the boards of publicly-traded companies BRP, Inc., Industrial Alliance Insurance & Financial Services and Shawcor Ltd.

"As we look to build a future on LyondellBasell's already solid foundation, Michael's perspective and experience will be valuable for our board and company," said Jacques Aigrain, chairman of LyondellBasell's board of directors.

"Michael's deep experience in finance, combined with his international perspective, will benefit LyondellBasell as we drive superior value for our shareholders," added LyondellBasell chief executive officer Bob Patel.

Hanley, 53, holds a bachelor's degree in business administration from HEC Montreal and he is a Chartered Professional Accountant. At LyondellBasell, Hanley will join the Audit and Health, Safety, Environmental and Operations committees of the board of directors.

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