LyondellBasell Industries (LYB) Raises Quarterly Dividend 11.4% to $0.78; Announces New Stock Repurchase Plan

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Go back to LyondellBasell Industries (LYB) Raises Quarterly Dividend 11.4% to $0.78; Announces New Stock Repurchase Plan

LyondellBasell Announces New Share Repurchase Program and Increased Dividend

May 8, 2015 7:00 AM EDT

HOUSTON and LONDON, May 8, 2015 /PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced that its Supervisory Board has authorized the company's Management Board to declare an interim dividend of $0.78 per share, representing an 11% increase from the company's first quarter 2015 dividend. The interim dividend will be paid June 15, 2015 to shareholders of record June 1, 2015, with an ex-dividend date of May 28, 2015.

The company also announced that at its Annual General Meeting on May 6, 2015, shareholders approved a new share repurchase program authorizing the company to repurchase up to 10% of the company's shares over the next... More