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Is NYSE:LYB a Good Fit for Dividend Investing?

By Mill Chart

Last update: Jan 15, 2024

Consider LYONDELLBASELL INDU-CL A (NYSE:LYB) as a top pick for dividend investors, identified by our stock screening tool. NYSE:LYB shines in terms of profitability, solvency, and liquidity, all while paying a decent dividend. Let's dive deeper into the analysis.

What does the Dividend looks like for NYSE:LYB

ChartMill employs its own Dividend Rating system for all stocks. This score, on a scale of 0 to 10, is determined by evaluating different dividend factors, such as yield, historical performance, dividend growth, and sustainability. NYSE:LYB has been assigned a 7 for dividend:

  • LYB has a Yearly Dividend Yield of 5.28%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.83, LYB pays a better dividend. On top of this LYB pays more dividend than 90.36% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 2.45, LYB pays a better dividend.
  • The dividend of LYB is nicely growing with an annual growth rate of 22.81%!
  • LYB has been paying a dividend for at least 10 years, so it has a reliable track record.
  • As LYB did not decrease their dividend in the past 5 years, we can say the dividend looks stable.

Unpacking NYSE:LYB's Health Rating

To gauge a stock's financial health, ChartMill utilizes a Health Rating on a scale of 0 to 10. This comprehensive evaluation encompasses liquidity and solvency, both in absolute terms and in comparison to industry peers. NYSE:LYB has earned a 6 out of 10:

  • The Altman-Z score of LYB (2.79) is better than 73.49% of its industry peers.
  • LYB has a debt to FCF ratio of 3.15. This is a good value and a sign of high solvency as LYB would need 3.15 years to pay back of all of its debts.
  • LYB has a better Debt to FCF ratio (3.15) than 81.93% of its industry peers.

Looking at the Profitability

ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NYSE:LYB, the assigned 5 is noteworthy for profitability:

  • The Return On Assets of LYB (6.17%) is better than 69.88% of its industry peers.
  • With a decent Return On Equity value of 17.24%, LYB is doing good in the industry, outperforming 78.31% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 9.60%, LYB is in the better half of the industry, outperforming 78.31% of the companies in the same industry.
  • LYB had an Average Return On Invested Capital over the past 3 years of 13.43%. This is significantly above the industry average of 7.91%.

More Best Dividend stocks can be found in our Best Dividend screener.

Check the latest full fundamental report of LYB for a complete fundamental analysis.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.

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LYONDELLBASELL INDU-CL A

NYSE:LYB (5/29/2024, 7:16:05 PM)

After market: 97 +0.18 (+0.19%)

96.82

-1.89 (-1.91%)

LYB News

News Image9 minutes ago - LyondellBasellLYB Expands Core PP Business with 35% Stake in NATPET from Alujain in Saudi Arabia

/PRNewswire/ -- LyondellBasell (LYB) and Alujain Corporation (Alujain) today announced completion of the acquisition of a 35% interest in Saudi Arabia–based...

News Image10 minutes ago - LyondellBasellLYB Expands Core PP Business with 35% Stake in NATPET from Alujain in Saudi Arabia

/CNW/ -- LyondellBasell (LYB) and Alujain Corporation (Alujain) today announced completion of the acquisition of a 35% interest in Saudi Arabia–based National...

News Image6 days ago - LyondellBasellLYB Announces 7 Percent Increase to Quarterly Dividend

/PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced its board of directors has declared a quarterly dividend of $1.34 per share, representing a 7...

News Image13 days ago - LyondellBasellLyondellBasell fügt neues Vertriebszentrum in Südosteuropa hinzu, um das Kundenerlebnis zu verbessern

/PRNewswire/ -- LyondellBasell, ein weltweit führendes Unternehmen der chemischen Industrie, gibt voller Stolz die Einrichtung eines neuen Vertriebszentrums in...

News Image13 days ago - LyondellBasellLyondellBasell ajoute un nouveau centre de distribution en Europe du Sud-Est pour améliorer l'expérience client

/PRNewswire/ -- LyondellBasell, un leader mondial de l'industrie chimique, est fier d'annoncer l'établissement d'un nouveau centre de distribution en Hongrie...

News Image14 days ago - LyondellBasellLyondellBasell agrega un nuevo centro de distribución en el sudeste de Europa

/PRNewswire/ -- LyondellBasell, líder mundial en la industria química, se enorgullece de anunciar el establecimiento de un nuevo centro de distribución en...

News Image14 days ago - LyondellBasellLyondellBasell Adds New South East European Distribution Hub for Improved Customer Experience

/PRNewswire/ -- LyondellBasell, a global leader in the chemical industry, is proud to announce the establishment of a new distribution hub in Hungary for its...

News Image14 days ago - LyondellBasellLyondellBasell Adds New South East European Distribution Hub for Improved Customer Experience

/CNW/ -- LyondellBasell, a global leader in the chemical industry, is proud to announce the establishment of a new distribution hub in Hungary for its...

News Image21 days ago - LyondellBasellLyondellBasell évalue ses options stratégiques pour les actifs européens

/PRNewswire/ -- LyondellBasell a annoncé aujourd'hui le lancement officiel d'un examen stratégique des actifs européens de ses unités commerciales Oléfines et...

News Image22 days ago - LyondellBasellLyondellBasell valuta le opzioni strategiche per le attività europee

/PRNewswire/ -- LyondellBasell ha annunciato oggi il lancio formale di una revisione strategica delle attività europee delle sue business unit Olefins &...

News Image22 days ago - LyondellBasellLyondellBasell bekijkt strategische opties voor Europese activa

/PRNewswire/ -- LyondellBasell kondigde vandaag aan dat er een start is gemaakt met de strategische beoordeling van de Europese activa van zijn business units...

News Image22 days ago - LyondellBasellLyondellBasell erwägt strategische Optionen für europäische Vermögenswerte

/PRNewswire/ -- LyondellBasell gab heute den formellen Beginn einer strategischen Überprüfung der europäischen Vermögenswerte seiner Geschäftsbereiche Olefins...

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