| The only way companies can pay out more than their free cash flow in dividends is by using cash on hand or borrowing money. LyondellBasell could do both. It has $1.9 billion in cash, but it's also not afraid to ask for a loan, as it has $10.7 billion in long-term debt. The fact that free cash flow is going to be so low this year means that management should prioritize servicing - and potentially lowering - the debt. But management teams don't always do what they should. The one positive in LyondellBasell's dividend safety analysis is its track record of raising the dividend. The company has raised its dividend every year since 2021. The dividend stayed at the same rate in 2020 in the early days of the pandemic. Prior to that, it was lifted each year since 2012. Management has shown that the dividend is a priority, and I applaud them for that. But if free cash flow doesn't improve very soon, they will likely have to cut the dividend. LyondellBasell's juicy 9% yield is not safe. Dividend Safety Rating: F We recently received requests for a pair of 12% yielders: Saratoga Investment Corp. (NYSE: SAR) and New Mountain Finance Corp. (Nasdaq: NMFC). Since their yields are so similar, I'm letting you vote on which one I evaluate next week. Click one of the buttons below to cast your vote! | 
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