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Whirlpool isn’t the first high profile company to slash its payout this year. Chemicals company LyondellBasell Industries, once the highest yielding company in the S&P 500, cut its payout by 50% in February.
LYB vs. ALB: Which Stock Is the Better Value Option?
LyondellBasell tops earnings estimates despite lower sales, as tighter markets, pricing gains and supply constraints shape a mixed Q1 performance.