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WLK Westlake Chemical dividend history, payout ratio & dates

Westlake Chemical's most recent quarterly dividend was on Aug 19, 2022 (ex-date) with a cash dividend payment of $0.357 per share. At an annualized rate of $1.25 per share, the stock yields 1.44%. The latest dividend has increased by $0.06, or 20% from the previous payment.

Key dates

  • WLK last dividend date: Aug 19, 2022
  • WLK next dividend date: Not announced
WLK dividend stats
DPS
$1.25
Dividend yield
1.44%
Payout ratio
5.6%
vs. Basic Materials sector
Dividend yield
2.26%
Payout ratio
26.8%

Dividend yield

What is Westlake Chemical current dividend yield

WLK has a dividend yield of 1.44% which is lower than the Basic Materials sector, the industry and its peers average. In comparison with the Basic Materials sector average of 2.26%, Westlake Chemical's dividend yield is 36% lower. The current dividend yield is higher than the historical average of 1.3% of the last 5 years.

Dividend history

What is WLK dividend payout history and dates

Westlake Chemical has been paying dividends since 2004. WLK has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 13% for the last year. And since the stock price has gone down by 7% from a year ago, the dividend yield has increased by 22%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Aug 19, 2022 Sep 6, 2022 Aug 12, 2022 $0.357 normal
May 20, 2022 Jun 7, 2022 May 13, 2022 $0.298 normal
Feb 28, 2022 Mar 15, 2022 Feb 18, 2022 $0.298 normal
Nov 22, 2021 Dec 8, 2021 Nov 12, 2021 $0.298 normal
Aug 23, 2021 Sep 8, 2021 Aug 13, 2021 $0.298 normal
May 24, 2021 Jun 9, 2021 May 14, 2021 $0.27 normal
Mar 1, 2021 Mar 16, 2021 Feb 19, 2021 $0.27 normal
Nov 23, 2020 Dec 9, 2020 Nov 13, 2020 $0.27 normal
Aug 24, 2020 Sep 9, 2020 Aug 14, 2020 $0.27 normal
May 22, 2020 Jun 9, 2020 May 15, 2020 $0.262 normal
Feb 24, 2020 Mar 10, 2020 Feb 14, 2020 $0.263 normal
Nov 25, 2019 Dec 10, 2019 Nov 15, 2019 $0.263 normal
Aug 26, 2019 Sep 11, 2019 Aug 16, 2019 $0.263 normal
May 28, 2019 Jun 12, 2019 May 17, 2019 $0.25 normal
Feb 26, 2019 Mar 13, 2019 Feb 15, 2019 $0.25 normal
Nov 26, 2018 Dec 11, 2018 Nov 16, 2018 $0.25 normal
Aug 27, 2018 Sep 12, 2018 Aug 17, 2018 $0.25 normal
May 29, 2018 Jun 13, 2018 May 18, 2018 $0.21 normal
Feb 26, 2018 Mar 13, 2018 Feb 16, 2018 $0.21 normal
Nov 24, 2017 Dec 11, 2017 Nov 17, 2017 $0.21 normal
Aug 30, 2017 Sep 18, 2017 Aug 18, 2017 $0.21 normal
May 25, 2017 Jun 13, 2017 May 19, 2017 $0.191 normal
Feb 24, 2017 Mar 14, 2017 Feb 17, 2017 $0.191 normal
Nov 29, 2016 Dec 16, 2016 Nov 21, 2016 $0.191 normal
Aug 31, 2016 Sep 20, 2016 Aug 18, 2016 $0.191 normal
May 19, 2016 Jun 7, 2016 May 10, 2016 $0.182 normal
Feb 25, 2016 Mar 14, 2016 Feb 18, 2016 $0.182 normal

Westlake Chemical dividend payout ratio

What is Westlake Chemical dividend payout ratio compared to the sector

Payout ratio

WLK has a payout ratio of 5.6% which is lower than the Basic Materials sector, the industry and its peers average. If we compare it with the Basic Materials sector average of 26.8%, Westlake Chemical's payout ratio is 79% lower.

Total amount of dividends paid per financial year (from cash flow)

WLK dividend vs peer dividends

How does WLK dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
DOW Dow Inc 6.37% $2.8 31.2%
PSX Phillips 66 4.68% $3.78 32.5%
EMN Eastman Chemical Co 4.28% $3.04 32.7%
XOM Exxon Mobil Corp 4.03% $3.52 38.5%
HUN Huntsman CORP 3.37% $0.83 14.1%
CE Celanese Corp 3.01% $2.72 15.1%
OLN OLIN Corp 1.87% $0.8 8.2%
WLK Westlake Chemical Corp 1.44% $1.25 5.6%
ALB Albemarle Corp 0.6% $1.58 70.3%

Frequently asked questions

Does Westlake Chemical pay a dividend?

Yes, Westlake Chemical has paid four dividends in the last 12 months. WLK has been paying dividends since 2004.

When is Westlake Chemical's next dividend?

WLK hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in November 2022.

When was WLK's last dividend?

Westlake Chemical's last regular dividend was on Aug 19, 2022 (ex-date) with the amount of $0.357 per share.

How much dividend does Westlake Chemical pay (per share)?

WLK has paid dividend of $1.25 per share in the last year.

What is Westlake Chemical's dividend yield?

Westlake Chemical's current dividend yield is 1.44%.

How often does Westlake Chemical pay dividends?

Westlake Chemical pays four dividends per year.

What is Westlake Chemical's dividend payout ratio?

Westlake Chemical's dividend payout ratio is 5.6%.

Does Westlake Chemical pay a good dividend?

Westlake Chemical's dividend yield is lower than the Basic Materials sector average.