Dutch oil refiner and chemical company LyondellBasell Industries NV declared a special dividend of $4.50 per share Monday and raised its quarterly dividend.
The special dividend is expected to be paid on Dec. 16 to shareholders as of Nov. 25.
The company's board also approved a quarterly dividend of 25 cents, up 5 cents from the previous quarter. That dividend will also be paid on Dec. 16 to shareholders as of Nov. 25.
LyondellBasell said last month its third-quarter net income jumped 91 percent from a year earlier, boosted by higher margins.
