LyondellBasell Slashes Dividend, Citing Challenging Markets
The LyondellBasell Houston refinery in Houston, Texas.
Photographer: Mark Felix/BloombergLyondellBasell Industries NV slashed its fourth-quarter dividend by almost half as the chemical maker cited challenging market conditions.
The board announced a quarterly dividend of 69 cents a share, down from a $1.37 payout a year earlier, the company said in a statement Friday.