06-08-2021, 02:58 PM
(06-08-2021, 12:51 PM)Otter Wrote:I agree with Otter. If there is anything harder to invest in than materials stocks 100% dependent on commodities and a hot economy, I don't know what it is. You have to buy them when nobody wants them and start selling when it looks like they will go higher forever. Waiting it out if you miss the timing can be painfully long and some end up going insolvent of nearly so. When I get the urge to buy them I am usually more than a year early. I am batting about 50% on oil, gold, copper, lumber, chemicals. It took a long time to get this good. (heavy sarcasm lol, that is nowhere near good enough).(06-07-2021, 06:38 AM)ken-do-nim Wrote: Late on this one, but ...
"LyondellBasell Industries N.V. LYB recently announced that its Board has declared a quarterly dividend of $1.13 per share, reflecting a 7.6% increase over the company's first-quarter 2021 dividend.
The dividend will be paid out on Jun 14, 2021 to shareholders of record as of Jun 7, 2021, with an ex-dividend date of Jun 4, 2021. This dividend increase positions LyondellBasell to post its 11th straight year of annual dividend growth in 2021."
Sold out of my LYB a couple months ago. Have learned to sell these cyclical basic materials companies when they fly high. When the crashes happen, they can lose 50%+ of their value in a matter of days, and dividends get eliminated quickly. There are only a handful of aristocrats in the materials sector (like NUE and SON). Margins are tiny, and even the smallest flap of a butterfly's wings halfway around the world can tank their business quickly. Prior to raising its dividend 11 years in a row, Lyondell filed for bankruptcy.