Dividends that amaze: 7.45% return from the chemical giant

One of today's largest chemical companies not only has an extensive portfolio focused on broadly applicable polyolefins and advanced chemicals, but also a strong financial position that enables it to achieve stable profitability. With a payout ratio of 71.45% and a dividend yield of 7.45%, it is one of the most prominent dividend paying stocks in the market. The company has been rewarding shareholders with dividends regularly since 2011, which is a testament to its financial stability and long-term focus on returns for investors.

With robust cash flow of $1.3 billion in the most recent quarter and an operating margin of 6.98%, it has a strong foundation for continued growth in recycling and sustainable materials. The recent acquisition of a manufacturing facility in Saudi Arabia, along with a strategic review of its European assets, indicate an intent to further enhance its efficiency and competitiveness in key regions. Which company is it? 👇