By Colin Kellaher
LyondellBasell Industries on Friday said its board raised the quarterly dividend by 5%, to $1.25 from $1.19.
The new payout, equal to $5.00 a year, represents an annual yield of about 5.55% based on Thursday’s closing price of $90.04.
The plastics, chemicals and refining company said the increased dividend is payable June 6 to shareholders of record May 31.
Write to Colin Kellaher at colin.kellaher@wsj.com
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