Lyondell Chemical Company Declares Quarterly Dividend
July 08 2004 - 1:54PM
PR Newswire (US)
Lyondell Chemical Company Declares Quarterly Dividend HOUSTON, July
8 /PRNewswire-FirstCall/ -- On July 8, 2004, the Board of Directors
of Lyondell Chemical Company (NYSE:LYO) declared a regular
quarterly dividend of $0.225 per share of common stock to
stockholders of record as of the close of business on August 25,
2004. Lyondell has two series of common stock outstanding: Common
Stock and Series B Common Stock. The regular quarterly dividend on
each share of outstanding Common Stock is payable in cash on
September 15, 2004. Lyondell has elected to pay the regular
quarterly dividend on each share of outstanding Series B Common
Stock in kind in the form of additional shares of Series B Common
Stock on September 29, 2004. Lyondell Chemical Company,
(http://www.lyondell.com/ ), headquartered in Houston, Texas, is a
leading producer of: propylene oxide (PO); PO derivatives,
propylene glycol (PG), butanediol (BDO) and propylene glycol ether
(PGE); and styrene monomer and MTBE as co-products of PO
production. Through its 70.5% interest in Equistar Chemicals, LP,
Lyondell also is one of the largest producers of ethylene,
propylene and polyethylene in North America and a leading producer
of ethylene oxide, ethylene glycol, high value-added specialty
polymers and polymeric powder. Through its 58.75% interest in
LYONDELL-CITGO Refining LP, Lyondell is one of the largest refiners
in the United States processing extra heavy Venezuelan crude oil to
produce gasoline, low sulfur diesel and jet fuel. DATASOURCE:
Lyondell Chemical Company CONTACT: media, Susan Moore,
+1-713-309-4645, or investors, Douglas J. Pike, +1-713-309-7141,
both of Lyondell Chemical Company Web site:
http://www.lyondell.com/
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