Westlake Chemical Partners LP

NYSE:WLKP Stock Report

Market Cap: US$785.3m

Westlake Chemical Partners Dividend

Dividend criteria checks 5/6

Westlake Chemical Partners is a dividend paying company with a current yield of 8.46%.

Key information

8.5%

Dividend yield

117%

Payout ratio

Industry average yield1.9%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per shareUS$1.886
Earnings per shareUS$1.61
Dividend yield forecast9.0%

Recent dividend updates

Recent updates

Westlake Corporation: Looks Attractive Even Without Momentum Assumptions

Apr 23

Westlake Chemical Partners: Units Near Fair Value, Yield Premium Fair

Dec 19

Westlake Chemical Partners: Attractive And Overlooked Income Play

Oct 03

Westlake Chemical: Environmental Investments Could Accelerate The Demand For The Stock

Aug 01

Westlake Chemical Partners: Strategically Positioned To Benefit From Megatrends

Jul 24

Westlake Chemical Partners Q4 2022 Earnings Preview

Feb 20

Westlake Chemical Partners: Priced Right Ahead Of Earnings, Steady Dividends Expected

Feb 06

Westlake Chemical Partners declares $0.4714 dividend

Jan 23

Westlake Chemical Partners Benefits From Retreat In Natural Gas Prices

Nov 14

Westlake Chemical Partners declares $0.4714 dividend

Oct 31

Westlake Chemical Partners Getting Crimped By Feedstock But Still Cheap

Aug 25

Westlake Chemical Partners Has Solid Margins Till 2026

Jul 27

Westlake Chemical Partners: More Of The Same In 2022, Downgrading

May 06

Westlake Chemical Partners: Growth, Staying Power, And A 7% Yield

Feb 15

Westlake Chemical Partners: Too Conservatively Financed For Their Own Good

Nov 17

Westlake Chemical Partners: A Very Stable MLP That's Still Selling At A Discount

Jul 08

Westlake Chemical Partners declares $0.4714 dividend

May 03

The High-Yielding Standout MLP: Westlake Chemical Partners

Jan 11

Westlake Chemical Partners: Premier High-Yielder Right Now, Maybe More One Day

Nov 25

Westlake Chemical Partners EPS beats by $0.11, misses on revenue

Nov 03

Westlake Chemical Partners declares $0.4714 dividend

Oct 30

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: WLKP's dividends per share have been stable in the past 10 years.

Growing Dividend: WLKP's dividend payments have increased over the past 10 years.


Dividend Yield vs Market

Westlake Chemical Partners Dividend Yield vs Market
How does WLKP dividend yield compare to the market?
SegmentDividend Yield
Company (WLKP)8.5%
Market Bottom 25% (US)1.4%
Market Top 25% (US)4.3%
Industry Average (Chemicals)1.9%
Analyst forecast (WLKP) (up to 3 years)9.0%

Notable Dividend: WLKP's dividend (8.46%) is higher than the bottom 25% of dividend payers in the US market (1.42%).

High Dividend: WLKP's dividend (8.46%) is in the top 25% of dividend payers in the US market (4.33%)


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (117%), WLKP's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (17.2%), WLKP's dividend payments are well covered by cash flows.


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