LyondellBasell Boosts Quarterly Dividend By 7% From $1.25 To $1.34 Per Share
Portfolio Pulse from Benzinga Newsdesk
LyondellBasell has announced a 7% increase in its quarterly dividend, raising it from $1.25 to $1.34 per share. The dividend will be paid on June 10, 2024, with an ex-dividend and record date of June 3, 2024.
May 24, 2024 | 10:32 am
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LyondellBasell has increased its quarterly dividend by 7%, from $1.25 to $1.34 per share. The dividend will be paid on June 10, 2024, with an ex-dividend and record date of June 3, 2024.
The increase in the dividend is a positive signal to investors, indicating confidence in the company's financial health and future prospects. This is likely to attract income-focused investors and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100