LyondellBasell is a global leader in refining, plastics manufacturing, and chemical manufacture. It is the world’s largest polypropylene producer. Investors may be wary of a company with such a strong ties to the plastics industry, but the truth is that plastics are here to stay.
Although the trend is moving against single-use plastic packaging, plastics in general are far too valuable and can be found in almost anything. The company advertises its environmental initiatives, such as mechanical and molecular recycling.
Over the last 12 months, the LYB stock has increased by 41%. It’s also a good pick if you want to diversify your portfolio with the best dividend stocks. The dividend yield on LYB is 4.07 percent.
Are dividends secure?
Dividend stocks are regarded as secure and dependable investments. Many of them are high-value businesses. Dividend aristocrats—companies that have increased their dividend every year for the past 25 years—are frequently seen as safe investments.
How often does LyondellBasell pay dividends?
Summary of Dividends The dividend cover is roughly 2.4, and there are normally four dividends each year (excluding specials).
Is AT&T dividend Safe 2021?
Simply Safe Dividends assigns a number from 0 to 99 to corporations, with 99 being the safest for dividends. AT&T (T), with a 7.6% yield and a score of 40, is the Aristocrat with the lowest dividend safety score from Simply Safe.
Did Merck raise its dividend?
Merck & Co., Inc. (NYSE:MRK) has announced that its dividend would be increased to US$0.69 per share on January 7th. The annual payout will increase from 3.8 percent to 8.4 percent of the stock price, which is higher than what most companies in the industry pay.
Can you lose money on dividend stocks?
Investing in dividend stocks entails certain risk, as does investing in any other sort of stock. You can lose money with dividend stocks in one of the following ways:
The price of a stock can fall. Whether or not the corporation distributes dividends has no bearing on this circumstance. The worst-case scenario is that the company goes bankrupt before you can sell your stock.
Companies have the ability to reduce or eliminate dividend payments at any moment. Companies are not compelled by law to pay dividends or increase their payouts. Unlike bonds, where a company’s failure to pay interest might result in default, a company’s dividend can be decreased or eliminated at any time. If you rely on a stock to pay dividends, a dividend reduction or cancellation may appear to be a loss.
Inflation has the potential to eat into your savings. Your investment capital will lose purchasing power if you do not invest it or if you invest in something that does not keep up with inflation. Every dollar you scrimped and saved at work is now worth less due to inflation (but not worthless).
The possible profit is proportionate to the potential risk. Putting your money in an FDIC-insured bank that pays a higher-than-inflation interest rate is safe (at least for the first $100,000 that the FDIC insures), but it won’t make you wealthy. Taking a chance on a high-growth company, on the other hand, can pay off handsomely in a short period of time, but it’s also a high-risk venture.
