LyondellBasell Raises Quarterly Dividend by 5%; Plans 10% Stock Buyback
May 31 2019 - 7:17AM
Dow Jones News
By Colin Kellaher
LyondellBasell Industries N.V. (LYB) on Friday said its board
raised the quarterly dividend by 5% to $1.05 from $1.00.
The new payout, equal to $4.20 a year, represents an annual
yield of about 5.43% based on Thursday's closing price of $77.41,
up from about 5.17%.
The plastics and refining company also said its shareholders
approved the repurchase of up to 10% of its roughly 370 million
shares outstanding over the next 18 months.
LyondellBasell said the increased dividend is payable June 17 to
shareholders of record June 10.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
May 31, 2019 07:02 ET (11:02 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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