Dividend Achievers List Ranked By Yield: Top 10

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

Dividend Yield as of December 19: 5.91%

LyondellBasell Industries N.V. (NYSE:LYB) is a Netherland-based multinational chemical industry company that specializes in the production of polyethylene. In December, Citigroup raised its price target on the stock to $92 with a Neutral rating on the shares, presenting a positive outlook for the chemical industry.

In Q3 2022, LyondellBasell Industries N.V. (NYSE:LYB) reported revenue of $12.2 billion and its net income came in at $572 million. The company generated over $1.4 billion in operating cash flow and paid over $550 million to shareholders in dividends and share repurchases. Its strong cash position makes it one of the best dividend stocks on our list.

LyondellBasell Industries N.V. (NYSE:LYB) is a Dividend Achiever with 12 years of consistent dividend growth. The company currently offers a quarterly dividend of $1.19 per share and has a dividend yield of 5.91%, as of December 19.

At the end of September, 38 hedge funds tracked by Insider Monkey reported owning stakes in LyondellBasell Industries N.V. (NYSE:LYB), compared with 37 in the previous quarter. The collective value of these stakes is over $825.7 million.

Miller Howard Investments shared its outlook on LyondellBasell Industries N.V. (NYSE:LYB) in its Q3 2021 investor letter. Here’s what the firm said:

“We initiated a position in LyondellBasell (LYB). Chemical markets are currently robust given the combination of 2020 plant shutdowns and strongly recovering demand. Despite the tailwinds, Lyondell trades at a low valuation and yields just under 5%.”