LyondellBasell today announced that its Board of Directors has declared a quarterly dividend of $1.13 per share, representing a 7.6 percent increase over the company's first quarter 2021 dividend. The dividend will be paid June 14, 2021 to shareholders of record June 7, 2021, with an ex-dividend date of June 4, 2021.

"Over the past three years, LyondellBasell's strategic investments have increased our earnings power at all points in the cycle. The stronger dividend reflects confidence in our ability to consistently provide leading returns for LyondellBasell shareholders," said Bob Patel, CEO of LyondellBasell. "With this dividend increase, we are on track to post our eleventh consecutive year of annual dividend growth in 2021."