Dividend Contenders List: Top 15

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

Dividend Yield as of November 11: 6.31%

LyondellBasell Industries N.V. (NYSE:LYB) is a Netherland-based multinational chemical company that specializes in plastics, chemicals, and refining. In the most recent quarter, the company commenced construction on its new MoReTec-1 facility in Germany, representing a key step forward in its commitment to a more sustainable future. This investment highlights LYB’s dedicated efforts to lead the industry in transitioning to a circular economy.

Despite difficult global macroeconomic conditions, LyondellBasell Industries N.V. (NYSE:LYB)’s robust North American operations enabled it to take advantage of favorable ethylene margins in the region. Through September, year-to-date demand in North America’s polyethylene and polypropylene sectors rose over 7% and 4%, respectively, compared to 2023. In the third quarter, the company’s volumes were bolstered by high operating rates at its crackers, which helped capture increased margins from merchant ethylene sales. Its revenue for the quarter came in at $10.32 billion, down 2.8% from the same period last year.

LyondellBasell Industries N.V. (NYSE:LYB) has consistently been a popular choice for dividend-focused investors. Its strong cash position has enabled substantial dividend distributions. In the third quarter of 2024, the company returned $479 million to shareholders through dividends and share repurchases. In addition, it generated $670 million in operating cash flow in Q3.

LyondellBasell Industries N.V. (NYSE:LYB) offers a quarterly dividend of $1.34 per share, growing it by 7.2% in May this year. This was the company’s 14th consecutive year of dividend growth. Its 5-year average annual dividend growth rate comes in at 4.79%. With a dividend yield of 6.31%, LYB is one of the best stocks on our dividend contenders list.