10 Best Dividend Stocks Yielding at Least 7% According to Analysts

6. LyondellBasell Industries N.V. (NYSE:LYB)

Upside Potential as of February 5: 8.95%

Dividend Yield as of February 5: 7.01%

LyondellBasell Industries N.V. (NYSE:LYB) is a multinational chemical company that specializes in plastics, chemicals, and refining. The company recently announced its Q4 2024 earnings and reported revenue of $9.5 billion. The revenue fell by 4.3% from the same period last year but beat analysts’ estimates by $241.3 million. During the quarter, margins declined in most of the company’s businesses due to higher costs for NGL feedstocks and natural gas, while product prices were impacted by seasonally slower demand. However, strong export demand for North American polyethylene helped offset some of the seasonal volume slowdown in domestic markets.

LyondellBasell Industries N.V. (NYSE:LYB)’s cash position remained strong in FY24. The company generated $3.8 billion in operating cash flow during the year with 90% cash conversion. It also remained committed to returning value to shareholders, as it paid $1.9 billion to investors through dividends in 2024. The company upholds a strong investment-grade balance sheet, with $8.0 billion in available liquidity, which includes $3.4 billion in cash and cash equivalents as of the year-end.

LyondellBasell Industries N.V. (NYSE:LYB) currently offers a quarterly dividend of $1.34 per share, having raised it by 7.2% in May 2024. This marked the company’s 14th consecutive year of dividend growth, which makes LYB one of the best dividend stocks on our list. The stock’s dividend yield on February 5 came in at 7.01%.

Of the 900 hedge funds tracked by Insider Monkey at the end of Q3 2024, 38 funds held stakes in LyondellBasell Industries N.V. (NYSE:LYB), down from 41 in the previous quarter. These stakes are worth over $546.2 million in total. Among these hedge funds, AQR Capital Management was the company’s leading stakeholder in Q3.