LyondellBasell Industries (LYB) will increase its quarterly dividend by 25.0 percent to $0.50 per share in the second quarter of 2013. It's the fourth dividend increase in just a little over two years, after the company paid its first dividend in the second quarter of 2011. LyondellBasell also paid out special dividends of $4.50 in 2011 and $2.75 in 2012.

Last year the chemicals company hiked its dividend from 25 cents to 40 cents quarterly per share, marking the third dividend increase since the company initiated a 10 cent dividend in 2011.

LyondellBasell Industries is a plastics, chemicals and refining company. Its chemicals businesses consist of large processing plants that convert large volumes of liquid and gaseous hydrocarbon feedstocks into plastic resins and other chemicals. The company's refining business consists of its Houston refinery, which processes crude oil into refined products such as gasoline, diesel and jet fuel. Lyondell also develops and licenses chemical and polyolefin process technologies and manufactures and sells polyolefin catalysts. The company's six reportable segments are: Olefins and Polyolefins—Americas, Olefins and Polyolefins—Europe, Asia, International, Intermediates and Derivatives, Advanced Polymer Solutions, Refining and Technology. LyondellBasell Industries N.V. was incorporated in the Netherlands in 2009 and became a public company in 2010. A dividend has been paid every year since 2011.