LyondellBasell, a leading global chemical company, has recently declared a quarterly dividend of $1.25 per share. This represents a 5% increase over the company's first quarter 2023 dividend. The announcement reflects the company's commitment to delivering strong returns to its shareholders and aligns with its long-term goal of returning 70% of free cash flow to investors.

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Dividend Increase Announcement

LyondellBasell's Board of Directors has approved a 5% increase in the quarterly dividend. Shareholders will receive a dividend of $1.25 per share, up from the previous quarter. This increase is a testament to the company's consistent growth in annual dividend for the past 13 years.

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Dividend Payment Details

The dividend will be paid out on June 6, 2023, to all shareholders of record as of May 30, 2023. To be eligible for the dividend, investors should take note of the ex-dividend date, which is May 26, 2023. By adhering to these dates, investors can ensure they receive their dividend payment on time.

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CEO's Statement

Peter Vanacker, the CEO of LyondellBasell, expressed his satisfaction with the dividend increase announcement. He highlighted that 2023 marks the company's 13th consecutive year of annual dividend growth, demonstrating their commitment to delivering strong returns for shareholders. Vanacker also emphasized that the increased dividend aligns with the company's long-term objective of returning 70% of free cash flow to investors.

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Members of LevelFields received the alert of this event on May 19, 6:55 AM ET

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