Dividend Contenders List: Top 15

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

Dividend Yield as of March 12: 7.42%

LyondellBasell Industries N.V. (NYSE:LYB) is a leading global chemical manufacturer that specializes in plastics, chemicals, and refining. In the fourth quarter of 2024, the company reported revenue of $9.5 billion, reflecting a 4.3% decline compared to the same period last year. However, it surpassed analysts’ expectations by $241.3 million. During the quarter, margins contracted across most business segments due to rising costs for NGL feedstocks and natural gas, while product prices faced pressure from seasonally weaker demand. Despite this, strong export demand for North American polyethylene helped mitigate the seasonal slowdown in domestic volumes.

LyondellBasell Industries N.V. (NYSE:LYB) maintained a solid financial position in FY24, generating $3.8 billion in operating cash flow with a 90% cash conversion rate. It continued to prioritize shareholder returns, distributing $1.9 billion in dividends throughout the year. In addition, the company upheld its strong investment-grade balance sheet, ending the year with $8.0 billion in available liquidity, including $3.4 billion in cash and cash equivalents.

LyondellBasell Industries N.V. (NYSE:LYB) is one of the best stocks on our dividend contenders list. The company maintained a solid financial position in FY24, generating $3.8 billion in operating cash flow with a 90% cash conversion rate. It continued to prioritize shareholder returns, distributing $1.9 billion in dividends throughout the year. Moreover, LyondellBasell upheld its strong investment-grade balance sheet, ending the year with $8.0 billion in available liquidity, including $3.4 billion in cash and cash equivalents. The company pays a quarterly dividend of $1.34 per share and has a dividend yield of 7.42%, as of March 12. It has been rewarding shareholders with growing dividends for the past 14 years.