LyondellBasell's board has roughly halved the chemical company's rich dividend amid a prolonged industry downturn.
The broader market is expensive right now. Price-to-earnings (P/E) ratios in the 20s and even 30s and higher are the current “norm.
When a stock's dividend yield is approaching or exceeding double-digits, it's only natural for investors to feel intrigued. With an indicated dividend yield of approximately 9.5%, chemical stock LyondellBasell Industries NYSE: LYB is an interesting name worth evaluating.
| Specialty Retail Industry | Consumer Discretionary Sector | Peter Z. E. Vanacker CEO | XDUS Exchange | NL0009434992 ISIN |
| US Country | 20,000 Employees | 2 Mar 2026 Last Dividend | - Last Split | 28 Apr 2010 IPO Date |
LyondellBasell Industries N.V. stands out as a global giant in the chemical industry with operational footprints across the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and many other international territories. Founded in 2009 and with its headquarters rooted in Houston, Texas, the company has carved a niche for itself in the production and marketing of a vast array of chemical products. Operating through six distinct segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology, LyondellBasell not only taps into a diverse market but also caters to a wide variety of industry needs ranging from food packaging to automotive components, showcasing its versatility and extensive reach within the global chemical market.