Nov. 14, 2011, 8:12 a.m. EST
LyondellBasell paying special $4.50/share dividend
NEW YORK (MarketWatch) -- LyondellBasell Industries N.V. LYB +0.33% said on Monday that its board has authorized a special dividend of $4.50 per share to be paid on Dec. 16, 2011 to shareholders of record as of Nov. 25, 2011." The special dividend of approximately $2.6 billion will return value to shareholders and will be financed using a combination of existing cash and proceeds from a recent debt financing," the firm said in a press release.
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