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

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

LyondellBasell Announces Increase to Quarterly Dividend and Shareholder Approval of New Share Repurchase Program

May 24, 2017 6:45 AM EDT

HOUSTON and LONDON, May 24, 2017 /PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced that its Supervisory Board has authorized the company's Management Board to declare a dividend of $0.90 per share, representing a 5.9 percent increase over the company's first quarter 2017 dividend. The interim dividend will be paid June 12, 2017 to shareholders of record June 5, 2017, with an ex-dividend date of June 1, 2017.

"This dividend increase represents the eighth increase since we began paying dividends in 2011," said Bob Patel, LyondellBasell CEO. "The increase announced today reflects our commitment to provide strong returns to our shareholders and... More