Why NYSE:LYB provides a good dividend, while having solid fundamentals.

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.

Exploring NYSE:LYB's Dividend

To gauge a stock's dividend quality, ChartMill utilizes a Dividend Rating ranging from 0 to 10. This comprehensive assessment considers various dividend aspects, including yield, history, growth, and sustainability. NYSE:LYB has achieved a 7 out of 10:

• LYB has a Yearly Dividend Yield of 5.09%, which is a nice return.
• LYB's Dividend Yield is rather good when compared to the industry average which is at 3.58. LYB pays more dividend than 90.59% of the companies 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 paid a dividend for at least 10 years, which is a reliable track record.
• As LYB did not decrease their dividend in the past 5 years, we can say the dividend looks stable.

Analyzing Health Metrics

ChartMill employs a unique Health Rating system for all stocks. This rating, ranging from 0 to 10, is determined by analyzing various liquidity and solvency ratios. For NYSE:LYB, the assigned 5 for health provides valuable insights:

• LYB has a Altman-Z score of 2.83. This is in the better half of the industry: LYB outperforms 72.94% 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.
• With an excellent Debt to FCF ratio value of 3.15, LYB belongs to the best of the industry, outperforming 82.35% of the companies in the same industry.

Profitability Analysis for NYSE:LYB

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:

• LYB's Return On Assets of 6.17% is fine compared to the rest of the industry. LYB outperforms 75.29% of its industry peers.
• LYB's Return On Equity of 17.24% is amongst the best of the industry. LYB outperforms 82.35% of its industry peers.
• LYB's Return On Invested Capital of 9.60% is fine compared to the rest of the industry. LYB outperforms 78.82% of its industry peers.
• LYB had an Average Return On Invested Capital over the past 3 years of 13.43%. This is significantly above the industry average of 7.32%.
• LYB's Profit Margin of 5.50% is fine compared to the rest of the industry. LYB outperforms 62.35% of its industry peers.

Our Best Dividend screener lists more Best Dividend stocks and is updated daily.

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

Keep in mind

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.