LyondellBasell (LYB) Loses 6% After Dividend Record Date

We precocious published 10 Stocks Losing Their Fire. LyondellBasell Industries NV (NYSE:LYB) is 1 of the worst performers connected Thursday.

LyondellBasell extended its losing streak to a 4th consecutive time connected Thursday, losing 6.24 percent to adjacent astatine $43.16 apiece arsenic investors unloaded portfolios pursuing the ex-dividend and grounds dates to person its adjacent quarterly dividends.

At intra-day trade, the banal fell by arsenic overmuch arsenic 6.7 percent.

On Monday, December 8, shareholders of LyondellBasell Industries NV (NYSE:LYB) arsenic of December 1 grounds would beryllium capable to person $1.37 per stock of dividends.

Pixabay/Public Domain

The dividends followed the results of its net show successful the 3rd 4th of the year. During the period, LyondellBasell Industries NV (NYSE:LYB) swung to a nett nonaccomplishment of $890 cardinal from a $573 cardinal nett income successful the aforesaid play past year, chiefly dragged by $1.2 cardinal of identified items specified arsenic non-cash plus write-downs, costs incurred for transactions, the Cash Improvement Plan, and discontinued operations.

Sales and different operating revenues besides declined by 10 percent to $7.727 cardinal from $8.604 cardinal successful the aforesaid play past year.

“LYB continues to navigate a challenging marketplace situation portion remaining focused connected delivering semipermanent value,” LyondellBasell Industries NV (NYSE:LYB) CEO Peter Vanacker said.

“Our Cash Improvement Plan is connected way to execute our $600 cardinal people successful 2025 and a minimum of $1.1 cardinal by the extremity of 2026, by reducing fixed costs, managing moving capital, and optimizing superior concern to fortify escaped currency flow,” helium added.

While we admit the imaginable of LYB arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.