This article is regarding the polymerization of 1,3-butadiene with a neodymium catalyst activated by diisobutylaluminum-hydride and diethylaluminum chloride (DEAC). The effects of the polymerization conditions (ratio between DEAC and neodymium molar concentrations, polymerization temperature, catalyst concentration, and butadiene concentration) on the polymer yield and molecular weight distribution (MWD) of polybutadiene (PB) samples were evaluated. It is shown that the DEAC/Nd ratio and the polymerization temperature are the reaction variables that influence the MWD and the catalyst performance most significantly. PBs with broad and sometimes bimodal MWD were produced at the analyzed reaction conditions. For this reason, the MWD of the obtained polymer materials was deconvoluted with the help of the Flory most probable distribution, indicating that three or more catalyst sites are required to explain the final MWD of the polymer samples. Finally, it was observed that the analyzed neodymium catalyst is able to produce branched PBs at mild reaction conditions and that the branching frequency depends on the polymerization conditions, which may be useful for development of operation policies at plant site and production of materials with improved performances. POLYM. ENG. SCI., 51:712-720, 2011. (C) 2010 Society of Plastics Engineers