Thursday Is Your Last Chance To Buy LyondellBasell Industries Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
LyondellBasell Industries (NYSE:LYB) has announced a quarterly dividend of $1.25 per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on September 05, 2023.
August 22, 2023 | 2:45 pm
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LyondellBasell's stock will likely trade lower on Friday due to the ex-dividend date. The dividend payout could attract investors, potentially increasing demand for the stock before the ex-dividend date.
The ex-dividend date often leads to a decrease in a stock's price as it adjusts to reflect the upcoming dividend payout. However, the announcement of a dividend can also attract investors, potentially leading to increased demand and a higher stock price in the short term before the ex-dividend date.
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