LyondellBasell falls after slashing dividend

Shares of chemicals maker LyondellBasell LYB.N fall 2% to $54.22 premarket

Co declares quarterly dividend of 69 cents per share, a 68-cent reduction per share from LYB's Q4 2025 dividend

"With markets expected to remain challenged, we have made the decision to recalibrate the dividend to better position the company to thrive once markets recover," CEO Peter Vanacker says

Tudor, Pickering, Holt & Co. analysts say LYB finally pulled the plug by implementing a ~50% cut to dividend

TPH&Co maintains "hold" rating on stock, adds "With the move, LYB's dividend yield now stands at 5%, compared to Dow DOW.N at 4.5% and our coverage group average at 3%"

YTD, shares are up 27.7%