Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. The company's ethylene production facilities primarily convert ethane into ethylene. It also sells ethylene co-products, including propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on either a spot or contract basis. Westlake Chemical Partners GP LLC serves as the general partner of the company. The company was incorporated in 2014 and is headquartered in Houston, Texas.
Westlake Chemical Partners Dividend Announcement
• Westlake Chemical Partners announced a quarterly dividend of $0.47 per ordinary share which will be made payable on 2024-11-27. Ex dividend date: 2024-11-12
• Westlake Chemical Partners annual dividend for 2024 was $1.89
• Westlake Chemical Partners annual dividend for 2023 was $1.89
• Westlake Chemical Partners's trailing twelve-month (TTM) dividend yield is 7.85%
• Westlake Chemical Partners's payout ratio for the trailing twelve months (TTM) is 107.68%
• Westlake Chemical Partners's dividend growth over the last five years (2018-2023) was 3.16% year
Westlake Chemical Partners Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-12 | $0.47 | quarterly | 2024-11-27 |
2024-08-12 | $0.47 | quarterly | 2024-08-27 |
2024-05-10 | $0.47 | quarterly | 2024-05-29 |
2024-02-01 | $0.47 | quarterly | 2024-02-20 |
2023-11-09 | $0.47 | quarterly | 2023-11-27 |
2023-08-10 | $0.47 | quarterly | 2023-08-25 |
2023-05-11 | $0.47 | quarterly | 2023-05-26 |
2023-02-01 | $0.47 | quarterly | 2023-02-16 |
2022-11-09 | $0.47 | quarterly | 2022-11-28 |
2022-08-10 | $0.47 | quarterly | 2022-08-25 |
2022-05-11 | $0.47 | quarterly | 2022-05-26 |
2022-02-02 | $0.47 | quarterly | 2022-02-17 |
2021-11-10 | $0.47 | quarterly | 2021-11-29 |
2021-08-11 | $0.47 | quarterly | 2021-08-26 |
2021-05-12 | $0.47 | quarterly | 2021-05-27 |
2021-02-03 | $0.47 | quarterly | 2021-02-19 |
2020-11-06 | $0.47 | quarterly | 2020-11-24 |
2020-08-07 | $0.47 | quarterly | 2020-08-24 |
2020-05-08 | $0.47 | quarterly | 2020-05-26 |
2020-01-31 | $0.47 | quarterly | 2020-02-18 |
2019-11-08 | $0.46 | quarterly | 2019-11-26 |
2019-08-09 | $0.46 | quarterly | 2019-08-26 |
2019-05-10 | $0.45 | quarterly | 2019-05-28 |
2019-02-04 | $0.43 | quarterly | 2019-02-20 |
2018-11-08 | $0.42 | quarterly | 2018-11-26 |
2018-08-09 | $0.41 | quarterly | 2018-08-24 |
2018-05-09 | $0.40 | quarterly | 2018-05-24 |
2018-02-07 | $0.39 | quarterly | 2018-02-23 |
2017-11-13 | $0.38 | quarterly | 2017-11-29 |
2017-08-11 | $0.36 | quarterly | 2017-08-29 |
2017-05-11 | $0.35 | quarterly | 2017-05-30 |
2017-02-03 | $0.34 | quarterly | 2017-02-22 |
2016-11-09 | $0.34 | quarterly | 2016-11-29 |
2016-08-05 | $0.33 | quarterly | 2016-08-23 |
2016-05-06 | $0.32 | quarterly | 2016-05-24 |
2016-02-09 | $0.31 | quarterly | 2016-02-26 |
2015-11-05 | $0.30 | quarterly | 2015-11-27 |
2015-08-11 | $0.29 | quarterly | 2015-08-27 |
2015-05-08 | $0.28 | quarterly | 2015-05-27 |
2015-02-05 | $0.28 | quarterly | 2015-02-24 |
2014-11-06 | $0.17 | quarterly | 2014-11-25 |
Westlake Chemical Partners Dividend per year
Westlake Chemical Partners Dividend growth
Westlake Chemical Partners Dividend Yield
Westlake Chemical Partners current trailing twelve-month (TTM) dividend yield is 7.85%. Interested in purchasing Westlake Chemical Partners stock? Use our calculator to estimate your expected dividend yield:
Westlake Chemical Partners Financial Ratios
Westlake Chemical Partners Dividend FAQ
Other factors to consider when evaluating Westlake Chemical Partners 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.
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1. Determination of Dividend: Westlake Chemical Partners'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 Chemical Partners 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 Chemical Partners 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 Chemical Partners 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. Record Date: Westlake Chemical Partners 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 Chemical Partners 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 Chemical Partners 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.
To assess the safety of Westlake Chemical Partners'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 Chemical Partners'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.