WLK Westlake Chemical dividend history, payout ratio & dates
Westlake Chemical's most recent dividend was on Aug 20, 2024 (ex-date) with a cash dividend payment of $0.525 per share. At an annualized rate of $2.03 per share, the stock yields 1.57%. The latest dividend has increased by $0.03, or 5% from the previous payment.
Key dates
- WLK last dividend date: Aug 20, 2024
WLK dividend stats
vs. Basic Materials sector
Dividend yield
WLK has a dividend yield of 1.57% which is lower than the Basic Materials sector, the industry and its peers average. In comparison with the Basic Materials sector average of 2.05%, Westlake Chemical's dividend yield is 23% lower. The current dividend yield is higher than the historical average of 1.3% of the last 5 years.
Dividend history
Westlake Chemical has been paying dividends since 2004. WLK has issued three dividends in the last twelve months. The annualized DPS has increased by 18% for the last year. And since the stock price has gone up by 0% from a year ago, the dividend yield has increased by 18%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Aug 20, 2024 | $0.525 | 1.41% |
| May 20, 2024 | $0.5 | 1.25% |
| Feb 27, 2024 | $0.5 | 1.36% |
| Nov 20, 2023 | $0.5 | 1.32% |
| Aug 24, 2023 | $0.5 | 1.21% |
| May 22, 2023 | $0.357 | 1.23% |
| Feb 28, 2023 | $0.357 | 1.15% |
| Nov 23, 2022 | $0.357 | 1.23% |
| Aug 19, 2022 | $0.357 | 1.19% |
| May 20, 2022 | $0.298 | 0.94% |
| Feb 28, 2022 | $0.298 | 1.05% |
| Nov 22, 2021 | $0.298 | 1.16% |
| Aug 23, 2021 | $0.298 | 1.33% |
| May 24, 2021 | $0.27 | 1.07% |
| Mar 1, 2021 | $0.27 | 1.23% |
| Nov 23, 2020 | $0.27 | 1.4% |
| Aug 24, 2020 | $0.27 | 1.77% |
| May 22, 2020 | $0.263 | 2.39% |
| Feb 24, 2020 | $0.263 | 1.74% |
| Nov 25, 2019 | $0.263 | 1.45% |
| Aug 26, 2019 | $0.263 | 1.79% |
| May 28, 2019 | $0.25 | 1.66% |
| Feb 26, 2019 | $0.25 | 1.33% |
| Nov 26, 2018 | $0.25 | 1.32% |
| Aug 27, 2018 | $0.25 | 0.9% |
| May 29, 2018 | $0.21 | 0.71% |
| Feb 26, 2018 | $0.21 | 0.73% |
| Nov 24, 2017 | $0.21 | 0.85% |
| Aug 30, 2017 | $0.21 | 1.02% |
| May 25, 2017 | $0.191 | 1.22% |
| Feb 24, 2017 | $0.191 | 1.18% |
| Nov 29, 2016 | $0.191 | 1.37% |
| Aug 31, 2016 | $0.191 | 1.42% |
| May 19, 2016 | $0.182 | 1.67% |
| Feb 25, 2016 | $0.182 | 1.64% |
| Dec 2, 2015 | $0.182 | 1.18% |
| Sep 2, 2015 | $0.182 | 1.3% |
| May 27, 2015 | $0.165 | 0.94% |
| Mar 3, 2015 | $0.165 | 0.92% |
Westlake Chemical dividend payout ratio
Payout ratio
WLK has a payout ratio of 277.4% which is higher than the Basic Materials sector, the industry and its peers average. If we compare it with the Basic Materials sector average of 41.8%, Westlake Chemical's payout ratio is 564% higher.
Total amount of dividends paid per financial year (from cash flow)
WLK dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| DOW Dow Inc | 6.2% | $2.8 | 186.7% |
| HUN Huntsman CORP | 5.01% | $0.99 | N/A |
| CE Celanese Corp | 3.71% | $2.8 | 28% |
| PSX Phillips 66 | 3.38% | $4.5 | 57.3% |
| XOM Exxon Mobil Corp | 3.12% | $3.84 | 47.8% |
| EMN Eastman Chemical Co | 3.07% | $3.24 | 43% |
| HON Honeywell International Inc | 1.91% | $4.37 | 50.2% |
| OLN OLIN Corp | 1.88% | $0.8 | 61.5% |
| WLK Westlake Chemical Corp | 1.55% | $2.03 | 277.4% |
| ALB Albemarle Corp | 1.49% | $1.61 | N/A |
Frequently asked questions
Does Westlake Chemical pay a dividend?
Yes, Westlake Chemical has paid three dividends in the last 12 months. WLK has been paying dividends since 2004.
When was WLK's last dividend?
Westlake Chemical's last regular dividend was on Aug 20, 2024 (ex-date) with the amount of $0.525 per share.
How much dividend does Westlake Chemical pay (per share)?
WLK has paid dividend of $2.03 per share in the last year.
What is Westlake Chemical's dividend yield?
Westlake Chemical's current dividend yield is 1.57%.
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 277.4%.
Does Westlake Chemical pay a good dividend?
Westlake Chemical's dividend yield is lower than the Basic Materials sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.