LyondellBasell Announces Quarterly Dividend and Board Appointment


LyondellBasell (NYSE: LYB),  today announced that it has declared a dividend of $1.00 per share, to be paid December 17, 2018 to shareholders of record December 10, 2018, with an ex-dividend date of December 7, 2018.

The company also announced that effective today, Michael Hanley has joined LyondellBasells board of directors, filling the vacancy caused by the previously announced resignation of director Robert G. Gwin. Hanley has more than 25 years of experience in senior management and finance roles, including as Chief Financial Officer of Alcan and as Senior Vice President, Operations and Strategy at the National Bank of Canada. He also serves on the boards of publicly-traded companies BRP, Inc., Industrial Alliance Insurance & Financial Services and Shawcor Ltd. As we look to build a future on LyondellBasells already solid foundation, Michaels perspective and experience will be valuable for our board and company, said Jacques Aigrain, chairman of LyondellBasells board of directors. Michaels deep experience in finance, combined with his international perspective, will benefit LyondellBasell as we drive superior value for our shareholders, added LyondellBasell chief executive officer Bob Patel. …

[Read on via official release]

Source: US SEC
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