Is LyondellBasell A Good Income Play Now?

LyondellBasell cut its dividend by 50%, reducing the yield to 3.85% from a prior high-dividend profile. Operating momentum has improved materially as Middle East supply chain disruptions have helped support the business, and the payout now appears sustainable. Even so, management's lower yield offering may still be unattractive for long-term income investors.

Analysis

LyondellBasell cut its dividend by 50%, reducing the yield to 3.85% from a prior high-dividend profile. Operating momentum has improved materially as Middle East supply chain disruptions have helped support the business, and the payout now appears sustainable. Even so, management's lower yield offering may still be unattractive for long-term income investors.