LyondellBasell falls after slashing dividend

Dow

20/02/2026 13:53

** Shares of chemicals maker LyondellBasell LYB.N fall 2% to $54.22 premarket

** Co declares quarterly dividend of 69 cents per share, a 68-cent reduction per share from LYB's Q4 2025 dividend

** "With markets expected to remain challenged, we have made the decision to recalibrate the dividend to better position the company to thrive once markets recover," CEO Peter Vanacker says

** Tudor, Pickering, Holt & Co. analysts say LYB finally pulled the plug by implementing a ~50% cut to dividend

** TPH&Co maintains "hold" rating on stock, adds "With the move, LYB's dividend yield now stands at 5%, compared to Dow DOW.N at 4.5% and our coverage group average at 3%"

** YTD, shares are up 27.7%

 (Reporting by Vallari Srivastava in Bengaluru)

 ((Srivastava.Vallari@thomsonreuters.com;))