LyondellBasell Stock To Go Ex-dividend Tomorrow (LYB)

NEW YORK ( TheStreet) -- The ex-dividend date for LyondellBasell Industries (NYSE: LYB) is tomorrow, November 21, 2013. Owners of shares as of market close today will be eligible for a dividend of 60 cents per share. At a price of $77.76 as of 9:50 a.m. ET, the dividend yield is 3.1%.

The average volume for LyondellBasell has been 3.4 million shares per day over the past 30 days. LyondellBasell has a market cap of $43.39 billion and is part of the basic materials sector and chemicals industry. Shares are up 37.5% year to date as of the close of trading on Tuesday.

LyondellBasell Industries N.V., together with its subsidiaries, manufacturers and sells chemicals and polymers; refines crude oil; produces gasoline blending components; and develops and licenses technologies for the production of polymers. The company has a P/E ratio of 13.5, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates LyondellBasell as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full LyondellBasell Ratings Report.

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