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.
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.
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%.
| 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 |
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.
| 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% |
Yes, Westlake Chemical has paid four dividends in the last 12 months. WLK has been paying dividends since 2004.
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.
Westlake Chemical's last regular dividend was on Aug 19, 2022 (ex-date) with the amount of $0.357 per share.
WLK has paid dividend of $1.25 per share in the last year.
Westlake Chemical's current dividend yield is 1.44%.
Westlake Chemical pays four dividends per year.
Westlake Chemical's dividend payout ratio is 5.6%.
Westlake Chemical's dividend yield is lower than the Basic Materials sector average.