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11% dividend?
LyondellBasell ($LYB) is today viewed as a company that links the traditional chemical industry with the need for a modern transformation toward sustainability and the circular economy. Analytical views have long agreed that the firm primarily benefits from its deep technological base in the field of polymers. Production capacity, process efficiency, and the...
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I sold this about three years ago for just over $90 — that's quite a drop :) Similar companies fortunately don't appeal to me at all anymore; I don't see any big moat there, for example compared to DOW. The dividend is irrelevant here: the stock would be -50% over 10 years without it and -12% with it. The payout ratio has been quite high in recent years, growth fairly average, and if it weren't for that special dividend I wouldn't have made much from it.