Westlake Corporation manufactures and supplies petrochemicals, polymers, and building products worldwide. It operates through two segments, Performance and Essential Materials; and Housing and Infrastructure Products. The Performance and Essential Materials segment manufactures and markets polyethylene, styrene monomer, ethylene co-products, PVC, VCM, ethylene dichloride chlor-alkali, and chlorinated derivative products. The Housing and Infrastructure Products segment manufactures and sells residential PVC siding; PVC trim and moldings; roofing applications; decorative stone; windows; PVC decking; PVC films for various inflatables, wallcovering, tape, and roofing applications; polymer composite roof tiles; PVC pipe and fittings; PVC compounds; and various consumer and commercial products such as landscape edging; industrial, home and office matting; marine dock edging; and masonry joint controls. The company offers its products to a range of customers, including chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses for use in various consumer and industrial markets, including residential construction, flexible and rigid packaging, automotive products, healthcare products, water treatment, and coatings, as well as other durable and non-durable goods. The company was formerly known as Westlake Chemical Corporation and changed its name to Westlake Corporation in February 2022. The company was founded in 1986 and is headquartered in Houston, Texas. Westlake Corporation is a subsidiary of TTWF LP.
Westlake Dividend Announcement
• Westlake announced a quarterly dividend of $0.53 per ordinary share which will be made payable on 2024-12-12. Ex dividend date: 2024-11-26
• Westlake annual dividend for 2024 was $2.05
• Westlake annual dividend for 2023 was $1.71
• Westlake's trailing twelve-month (TTM) dividend yield is 1.65%
• Westlake's payout ratio for the trailing twelve months (TTM) is 267.35%
• Westlake's dividend growth over the last five years (2018-2023) was 13.25% year
• Westlake's dividend growth over the last ten years (2013-2023) was 7.59% year
Westlake Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-11-26 | $0.53 | quarterly | 2024-12-12 |
| 2024-08-20 | $0.53 | quarterly | 2024-09-05 |
| 2024-05-20 | $0.50 | quarterly | 2024-06-06 |
| 2024-02-27 | $0.50 | quarterly | 2024-03-14 |
| 2023-11-20 | $0.50 | quarterly | 2023-12-06 |
| 2023-08-24 | $0.50 | quarterly | 2023-09-12 |
| 2023-05-22 | $0.36 | quarterly | 2023-06-08 |
| 2023-02-28 | $0.36 | quarterly | 2023-03-16 |
| 2022-11-23 | $0.36 | quarterly | 2022-12-09 |
| 2022-08-19 | $0.36 | quarterly | 2022-09-06 |
| 2022-05-20 | $0.30 | quarterly | 2022-06-07 |
| 2022-02-28 | $0.30 | quarterly | 2022-03-15 |
| 2021-11-22 | $0.30 | quarterly | 2021-12-08 |
| 2021-08-23 | $0.30 | quarterly | 2021-09-08 |
| 2021-05-24 | $0.27 | quarterly | 2021-06-09 |
| 2021-03-01 | $0.27 | quarterly | 2021-03-16 |
| 2020-11-23 | $0.27 | quarterly | 2020-12-09 |
| 2020-08-24 | $0.27 | quarterly | 2020-09-09 |
| 2020-05-22 | $0.26 | quarterly | 2020-06-09 |
| 2020-02-24 | $0.26 | quarterly | 2020-03-10 |
| 2019-11-25 | $0.26 | quarterly | 2019-12-10 |
| 2019-08-26 | $0.26 | quarterly | 2019-09-11 |
| 2019-05-28 | $0.25 | quarterly | 2019-06-12 |
| 2019-02-26 | $0.25 | quarterly | 2019-03-13 |
| 2018-11-26 | $0.25 | quarterly | 2018-12-11 |
| 2018-08-27 | $0.25 | quarterly | 2018-09-12 |
| 2018-05-29 | $0.21 | quarterly | 2018-06-13 |
| 2018-02-26 | $0.21 | quarterly | 2018-03-13 |
| 2017-11-24 | $0.21 | quarterly | 2017-12-11 |
| 2017-08-30 | $0.21 | quarterly | 2017-09-18 |
| 2017-05-25 | $0.19 | quarterly | 2017-06-13 |
| 2017-02-24 | $0.19 | quarterly | 2017-03-14 |
| 2016-11-29 | $0.19 | quarterly | 2016-12-16 |
| 2016-08-31 | $0.19 | quarterly | 2016-09-20 |
| 2016-05-19 | $0.18 | quarterly | 2016-06-07 |
| 2016-02-25 | $0.18 | quarterly | 2016-03-14 |
| 2015-12-02 | $0.18 | quarterly | 2015-12-18 |
| 2015-09-02 | $0.18 | quarterly | 2015-09-22 |
| 2015-05-27 | $0.17 | quarterly | 2015-06-12 |
| 2015-03-03 | $0.17 | quarterly | 2015-03-19 |
| 2014-12-03 | $0.17 | quarterly | 2014-12-19 |
| 2014-09-03 | $0.17 | quarterly | 2014-09-19 |
| 2014-05-28 | $0.13 | quarterly | 2014-06-17 |
| 2014-02-26 | $0.25 | quarterly | 2014-03-18 |
| 2013-12-04 | $0.23 | quarterly | 2013-12-20 |
| 2013-09-06 | $0.23 | quarterly | 2013-09-25 |
| 2013-05-31 | $0.19 | quarterly | 2013-06-19 |
| 2013-02-27 | $0.19 | quarterly | 2013-03-15 |
Westlake Dividend per year
Westlake Dividend growth
Westlake Dividend Yield
Westlake current trailing twelve-month (TTM) dividend yield is 1.65%. Interested in purchasing Westlake stock? Use our calculator to estimate your expected dividend yield:
Westlake Financial Ratios
P/E ratio163.21
PEG ratio-1.26
P/B ratio1.50
ROE0.94%
Payout ratio267.35%
Current ratio2.79
Quick ratio2.04
Cash Ratio1.24
Westlake Dividend FAQ
How much is the next Westlake dividend?
Westlake's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Westlake dividend. The next Westlake dividend will be released in February, May, August, or November.
When is Westlake dividend paid?
Westlake pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Westlake pay?
The specific amount of Westlake dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Westlake's dividend history.
Does Westlake stock pay dividends?
Yes, Westlake does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Westlake's dividend history.
How much dividend does Westlake pay?
Westlake paid $2.05 in 2024, $1.714 in 2023, $1.31 in 2022, $1.136 in 2021, and $1.065 in 2020.
How often does Westlake pay dividends?
Westlake typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is Westlake's dividend yield?
The current dividend yield for Westlake is 1.65%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Westlake's exact dividend yield.
When does Westlake go ex dividend?
Westlake's ex-dividend date for the latest dividend was on 2024-11-26. Westlake typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Westlake dividend paid?
Westlake pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Westlake increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Westlake will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Westlake dividend per share?
Westlake paid $2.05 per share in 2024 and $1.714 per share in 2023. The amount of dividend per share that Westlake pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Westlake a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Westlake a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Westlake a dividend stock?
Yes, Westlake is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Westlake a good dividend stock?
Whether Westlake is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Westlake has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Westlake as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Westlake as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Westlake pay dividends monthly?
Westlake typically pays dividends on a quarterly basis.
Does Westlake pay dividends quarterly?
Westlake currently pays dividends on a quarterly basis.
Has Westlake ever paid a dividend?
Yes, Westlake has a history of paying dividends to its shareholders. Westlake is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Westlake dividend stocks?
To buy Westlake you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Westlake stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Westlake stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Westlake pay dividends 2024?
Westlake pays dividends on a quarterly basis. 2024 dividend payments are in 2024-12-12. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Westlake increase its dividend in 2024?
Decisions regarding Westlake dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Westlake dividend overview you can look into the above table of dividend history.
How Westlake dividend works?
The Westlake dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Westlake's dividend process works:
1. Determination of Dividend: Westlake's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Westlake publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Westlake distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Westlake are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Westlake's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Westlake publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Westlake distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Westlake are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Westlake dividends paid?
Westlake dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Westlake sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Westlake distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Westlake declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Westlake sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Westlake distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Westlake declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Westlake pay dividends?
Westlake typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Westlake pay dividends?
The general pattern is that Westlake pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Westlake dividend safe?
The safety of Westlake's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Westlake's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Westlake's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Westlake's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Westlake's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.