What’s an LYB?
A year ago or so, I would have had no idea what an LYB was; however, after spending a year trying to learn more about income investing I am much more potentially conversant about such things. Marginally. So what’s a LYB?
LYB is LyondellBasell Industries. The company currently pays a 9.4% QDI Dividend - just like clockwork.
The bottom line strategy of the family Income Port is to invest in companies whereby the dividend paid outpaces the good ole 4% retirement rule. Ok fine but - what does a LYB do for a living? Here is what they say they do:
Who we are:
We are LyondellBasell – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy.
Across all we do, we aim to unlock value for our customers, investors and society. As one of the world’s largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare.
A Few Data Points:
Current Price: $56.89
52 Wk Range: 51.11 - 107.00
Dividend Rate: $5.36
Yield: 9.42%
Website: https://www.lyondellbasell.com/
In the Income Port the family has a 2% position.
Nothing you might read here represents investing advice - way way beyond my pay grade. However, in my exceptionally humble opinion maintaining and farming for income is sort of like buying insurance: or maybe not depending on your own personal opinion. See how that works?
Couple of Scouting Reports:
https://seekingalpha.com/article/4774514-the-more-you-sell-the-more-i-buy-lyondellbasell#source=section%3Asummary|section_asset%3Aall_analysis|first_level_url%3Asymbol|button%3ATitle|lock_status%3ANo|line%3A1
https://seekingalpha.com/news/4429798-lyondellbasell-downgraded-at-rbc-on-tariff-risks-possible-chemical-oversupply#source=section%3Asummary|section_asset%3Aall_news|first_level_url%3Asymbol|button%3ATitle|lock_status%3ANo|line%3A2
LYB ain’t no shiny diamond at the bottom of a long neck gourd - it’s a plodding basic materials company with a long history of paying dividends. At over a 9% Yield it meets the family goal for the income generation.
All the Best,
Big Dumb Hick Investing