This is the second post today.
May 24, 2017
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.
The YOC of my position in LYB has improved to 4.5% from 4.3%. “This dividend increase represents the eighth increase since we began paying dividends in 2011,” said Bob Patel, LyondellBasell CEO. As I initiated a position in LYB last June, this is the first dividend increase for me as a shareholder.
Disclosure: Long LYB