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 the stock by the end of Thursday's session will be eligible for the dividend, which will be paid on December 4, 2023. The stock is expected to open $1.25 lower on the ex-dividend date.
November 21, 2023 | 2:45 pm
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LyondellBasell Industries will pay a $1.25 quarterly dividend per share, with shares likely to open $1.25 lower on the ex-dividend date.
The stock price of LyondellBasell Industries is likely to decrease in the short term by the amount of the dividend, as stocks typically drop by the dividend amount on the ex-dividend date. This is a common occurrence and is factored into the price by market participants.
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