LyondellBasell Authorizes Interim Dividend Of $0.85 A Share

LyondellBasell Industries NV LYB revealed Friday that its Supervisory Board has authorized its Board to declare an interim dividend of $0.85 per share. The dividend provided 4 percent yield, which was lower than the 6 percent yield of the five-year average.

The company said the interim dividend would be paid September 6 to its shareholders of record August 16. The stock would turn into an ex-dividend on August 12.

LyondellBasell's payout ratio was 33.0 percent, which was also considerably lower than the average payout ratio of 69.0 percent in the five-year period. In the last two years, it has been boosting its dividend rate.