LyondellBasell Industries's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
LyondellBasell Industries (NYSE:LYB) announced a quarterly dividend of $1.25 per share, with the ex-dividend date set for Friday. Shareholders owning LYB stock before the ex-dividend date are eligible for the dividend payout, which will be distributed on June 6, 2023.
May 23, 2023 | 2:45 pm
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LyondellBasell Industries (NYSE:LYB) will go ex-dividend on Friday, with a $1.25 per share quarterly dividend. Shareholders owning the stock before the ex-dividend date are eligible for the payout.
The announcement of a dividend payout is generally a positive signal for investors, but the stock price will likely adjust downwards to reflect the payout on the ex-dividend date. This is a neutral event for the short-term stock price, as the price adjustment is expected and does not indicate a change in the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100