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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 2024-08-27. Ex dividend date: 2024-08-12
Westlake Chemical Partners annual dividend for 2024 was $1.41
Westlake Chemical Partners annual dividend for 2023 was $1.89
Westlake Chemical Partners's trailing twelve-month (TTM) dividend yield is 10.57%
Westlake Chemical Partners's payout ratio for the trailing twelve months (TTM) is 117.02%
Westlake Chemical Partners's dividend growth over the last five years (2018-2023) was 3.16% year

Westlake Chemical Partners Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-12$0.47quarterly2024-08-27
2024-05-10$0.47quarterly2024-05-29
2024-02-01$0.47quarterly2024-02-20
2023-11-09$0.47quarterly2023-11-27
2023-08-10$0.47quarterly2023-08-25
2023-05-11$0.47quarterly2023-05-26
2023-02-01$0.47quarterly2023-02-16
2022-11-09$0.47quarterly2022-11-28
2022-08-10$0.47quarterly2022-08-25
2022-05-11$0.47quarterly2022-05-26
2022-02-02$0.47quarterly2022-02-17
2021-11-10$0.47quarterly2021-11-29
2021-08-11$0.47quarterly2021-08-26
2021-05-12$0.47quarterly2021-05-27
2021-02-03$0.47quarterly2021-02-19
2020-11-06$0.47quarterly2020-11-24
2020-08-07$0.47quarterly2020-08-24
2020-05-08$0.47quarterly2020-05-26
2020-01-31$0.47quarterly2020-02-18
2019-11-08$0.46quarterly2019-11-26
2019-08-09$0.46quarterly2019-08-26
2019-05-10$0.45quarterly2019-05-28
2019-02-04$0.43quarterly2019-02-20
2018-11-08$0.42quarterly2018-11-26
2018-08-09$0.41quarterly2018-08-24
2018-05-09$0.40quarterly2018-05-24
2018-02-07$0.39quarterly2018-02-23
2017-11-13$0.38quarterly2017-11-29
2017-08-11$0.36quarterly2017-08-29
2017-05-11$0.35quarterly2017-05-30
2017-02-03$0.34quarterly2017-02-22
2016-11-09$0.34quarterly2016-11-29
2016-08-05$0.33quarterly2016-08-23
2016-05-06$0.32quarterly2016-05-24
2016-02-09$0.31quarterly2016-02-26
2015-11-05$0.30quarterly2015-11-27
2015-08-11$0.29quarterly2015-08-27
2015-05-08$0.28quarterly2015-05-27
2015-02-05$0.28quarterly2015-02-24
2014-11-06$0.17quarterly2014-11-25

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 10.57%. Interested in purchasing Westlake Chemical Partners stock? Use our calculator to estimate your expected dividend yield:

Westlake Chemical Partners Financial Ratios

P/E ratio13.84
PEG ratio0.07
P/B ratio1.51
ROE9.37%
Payout ratio117.02%
Current ratio4.68
Quick ratio4.59
Cash Ratio1.33

Westlake Chemical Partners Dividend FAQ

How much is the next Westlake Chemical Partners dividend?
Westlake Chemical Partners'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 Chemical Partners dividend. The next Westlake Chemical Partners dividend will be released in February, May, August, or November.
When is Westlake Chemical Partners dividend paid?
Westlake Chemical Partners 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 Chemical Partners pay?
The specific amount of Westlake Chemical Partners 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 Chemical Partners's dividend history.
Does Westlake Chemical Partners stock pay dividends?
Yes, Westlake Chemical Partners 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 Chemical Partners's dividend history.
How much dividend does Westlake Chemical Partners pay?
Westlake Chemical Partners paid $1.414 in 2024, $1.885 in 2023, $1.884 in 2022, $1.884 in 2021, and $1.886 in 2020.
How often does Westlake Chemical Partners pay dividends?
Westlake Chemical Partners 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 Chemical Partners's dividend yield?
The current dividend yield for Westlake Chemical Partners is 10.57%. 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 Chemical Partners's exact dividend yield.
When does Westlake Chemical Partners go ex dividend?
Westlake Chemical Partners's ex-dividend date for the latest dividend was on 2024-08-12. Westlake Chemical Partners 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 Chemical Partners dividend paid?
Westlake Chemical Partners pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Westlake Chemical Partners 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 Chemical Partners 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 Chemical Partners dividend per share?
Westlake Chemical Partners paid $1.414 per share in 2024 and $1.885 per share in 2023. The amount of dividend per share that Westlake Chemical Partners 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 Chemical Partners 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 Chemical Partners 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 Chemical Partners a dividend stock?
Yes, Westlake Chemical Partners is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Westlake Chemical Partners a good dividend stock?
Whether Westlake Chemical Partners 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 Chemical Partners has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does Westlake Chemical Partners pay dividends monthly?
Westlake Chemical Partners typically pays dividends on a quarterly basis.
Does Westlake Chemical Partners pay dividends quarterly?
Westlake Chemical Partners currently pays dividends on a quarterly basis.
Has Westlake Chemical Partners ever paid a dividend?
Yes, Westlake Chemical Partners has a history of paying dividends to its shareholders. Westlake Chemical Partners is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Westlake Chemical Partners dividend stocks?
To buy Westlake Chemical Partners 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 Chemical Partners 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 Chemical Partners pay dividends 2024?
Westlake Chemical Partners pays dividends on a quarterly basis. 2024 dividend payments are in 2024-08-27. 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 Chemical Partners increase its dividend in 2024?
Decisions regarding Westlake Chemical Partners 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 Chemical Partners dividend overview you can look into the above table of dividend history.
How Westlake Chemical Partners dividend works?
The Westlake Chemical Partners 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 Chemical Partners's dividend process works:

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.
How are Westlake Chemical Partners dividends paid?
Westlake Chemical Partners dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

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.
How many times does Westlake Chemical Partners pay dividends?
Westlake Chemical Partners 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 Chemical Partners pay dividends?
The general pattern is that Westlake Chemical Partners 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 Chemical Partners dividend safe?
The safety of Westlake Chemical Partners'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 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.