Westlake Chemical Partners's latest quarterly dividend of $0.471 per share was on Feb 1, 2024 (ex-date). At an annualized rate of $1.89 per share, the stock yields 8.68%.
WLKP has a dividend yield of 8.68% which is higher than the Basic Materials sector and the industry average. If we compare it with the Basic Materials sector average of 1.96%, Westlake Chemical Partners's dividend yield is 343% higher. The historical 5-year average of WLKP's dividend yield is 8.1%, which is less than the current one.
Westlake Chemical Partners has a history of paying dividends since 2014. Our records of WLKP show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 0.1% since twelve months ago. And with the price of the stock down by 5% from a year ago, the dividend yield has an increase of 5%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 1, 2024 | Feb 20, 2024 | Jan 22, 2024 | $0.471 | normal |
| Nov 9, 2023 | Nov 27, 2023 | Oct 31, 2023 | $0.471 | normal |
| Aug 10, 2023 | Aug 25, 2023 | Aug 1, 2023 | $0.471 | normal |
| May 11, 2023 | May 26, 2023 | May 2, 2023 | $0.471 | normal |
| Feb 1, 2023 | Feb 16, 2023 | Jan 23, 2023 | $0.471 | normal |
| Nov 9, 2022 | Nov 28, 2022 | Oct 31, 2022 | $0.471 | normal |
| Aug 10, 2022 | Aug 25, 2022 | Aug 1, 2022 | $0.471 | normal |
| May 11, 2022 | May 26, 2022 | May 2, 2022 | $0.471 | normal |
| Feb 2, 2022 | Feb 17, 2022 | Jan 24, 2022 | $0.471 | normal |
| Nov 10, 2021 | Nov 29, 2021 | Nov 1, 2021 | $0.471 | normal |
| Aug 11, 2021 | Aug 26, 2021 | Aug 2, 2021 | $0.471 | normal |
| May 12, 2021 | May 27, 2021 | May 3, 2021 | $0.471 | normal |
| Feb 3, 2021 | Feb 19, 2021 | Jan 25, 2021 | $0.471 | normal |
| Nov 6, 2020 | Nov 24, 2020 | Oct 30, 2020 | $0.471 | normal |
| Aug 7, 2020 | Aug 24, 2020 | Jul 31, 2020 | $0.471 | normal |
| May 8, 2020 | May 26, 2020 | Apr 30, 2020 | $0.471 | normal |
| Jan 31, 2020 | Feb 18, 2020 | Jan 27, 2020 | $0.471 | normal |
| Nov 8, 2019 | Nov 26, 2019 | Oct 31, 2019 | $0.465 | normal |
| Aug 9, 2019 | Aug 26, 2019 | Jul 31, 2019 | $0.458 | normal |
| May 10, 2019 | May 28, 2019 | Apr 30, 2019 | $0.445 | normal |
| Feb 4, 2019 | Feb 20, 2019 | Jan 25, 2019 | $0.433 | normal |
| Nov 8, 2018 | Nov 26, 2018 | Oct 31, 2018 | $0.421 | normal |
| Aug 9, 2018 | Aug 24, 2018 | Jul 31, 2018 | $0.409 | normal |
| May 9, 2018 | May 24, 2018 | Apr 30, 2018 | $0.398 | normal |
| Feb 7, 2018 | Feb 23, 2018 | Jan 26, 2018 | $0.386 | normal |
| Nov 13, 2017 | Nov 29, 2017 | Nov 1, 2017 | $0.376 | normal |
| Aug 11, 2017 | Aug 29, 2017 | Aug 1, 2017 | $0.365 | normal |
| May 11, 2017 | May 30, 2017 | May 1, 2017 | $0.355 | normal |
| Feb 3, 2017 | Feb 22, 2017 | Jan 27, 2017 | $0.345 | normal |
| Nov 9, 2016 | Nov 29, 2016 | Oct 31, 2016 | $0.335 | normal |
| Aug 5, 2016 | Aug 23, 2016 | Jul 27, 2016 | $0.326 | normal |
WLKP has a payout ratio of 122.5% which is higher than the Basic Materials sector and the industry average. In comparison with the Basic Materials sector average of 32.7%, Westlake Chemical Partners's payout ratio is 275% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| WLKP Westlake Chemical Partners LP | 8.68% | $1.89 | 122.5% |
| VHI Valhi Inc | 2.12% | $0.32 | N/A |
Yes, Westlake Chemical Partners has been paying dividends for the last ten years.
WLKP hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in May 2024.
Westlake Chemical Partners's last regular dividend was on Feb 1, 2024 (ex-date) with the amount of $0.471 per share.
WLKP's annualized dividend per share is $1.89.
Westlake Chemical Partners's current dividend yield is 8.68%.
Westlake Chemical Partners has a quarterly dividend frequency.
Westlake Chemical Partners's dividend payout ratio is 122.5%.
Westlake Chemical Partners's dividend yield is more than the Basic Materials sector average.