HOUSTON and LONDON, May 19, 2023
/PRNewswire/ -- LyondellBasell today announced its Board of
Directors has declared a quarterly dividend of $1.25 per
share, representing a 5 percent increase over the company's first
quarter 2023 dividend. The dividend will be paid June 6,
2023 to shareholders of record May 30, 2023, with an
ex-dividend date of May 26, 2023.
"2023 marks our 13th consecutive
year of annual dividend growth. Our increasing dividend
demonstrates our ongoing commitment to deliver strong returns for
LyondellBasell shareholders. It is also aligned with our long-term
target of returning 70 percent of free cash flow to shareholders
that we shared at our Capital Markets Day," said Peter
Vanacker, CEO of LyondellBasell. "We will continue our balanced
approach to capital deployment as we establish our leadership in
creating solutions for everyday sustainable living."
About LyondellBasell
We are LyondellBasell (NYSE: LYB) – a leader in the global
chemical industry creating solutions for everyday sustainable
living. Through advanced technology and focused investments, we are
enabling a circular and low carbon economy. Across all we do, we
aim to unlock value for our customers, investors and society. As
one of the world's largest producers of polymers and a leader in
polyolefin technologies, we develop, manufacture and market
high-quality and innovative products for applications ranging from
sustainable transportation and food safety to clean water and
quality healthcare. For more information, please visit
www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.
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SOURCE LyondellBasell Industries