IHS Chemical Week

LyondellBasell increases interim dividend, plans additional buybacks

10:39 AM MDT | April 16, 2014

LyondellBasell has increased its first-quarter interim dividend by 17% and announced plans to continue repurchasing shares. The interim dividend, now totaling 70 cts/share, will be paid on 12 May, says LyondellBasell. At the company’s annual meeting on 16 April, shareholders approved a plan to repurchase an additional 10% of the company’s outstanding shares over the next 18 months. "The company has already repurchased approximately 46 million shares to date and expects to have repurchased the entire 10% of the original authority given by shareholders in 2013...

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