LyondellBasell Industries NV raised its quarterly dividend by 11% to $1.00 per share from 90 cents per share in the previous quarter.

The dividend is payable March 12 to shareholders of record March 5, with an ex-dividend date of March 2.

The plastics and chemical company earlier this month posted a fourth-quarter 2017 net income of $1.89 billion, or $4.79 per share.