Finally one of my GT 90 orders was executed yesterday. On June 3rd, I initiated a position in LyondellBasell Industries NV(LYB), specifically I bought 40 shares at $79.15 + $6.95 commission. The YOC of my position in LYB is 4.3%.
LyondellBasell Industries NV along with its subsidiaries is a manufacturer of chemicals and polymers, a refiner of crude oil, a producer of gasoline blending components and a developer and licensor of technologies for the production of polymers.
Its DAGR for the last 5 years and 3 years are 42% and 16% respectively and its TTM payout ratio is 32.6%. Therefore there is a lot of room for dividend growth.
I hope that my patience will work out well this time as well.
Disclosure: Long LYB