Westlake Chemical Partners Dividend
Dividend criteria checks 3/6
Westlake Chemical Partners is a dividend paying company with a current yield of 8.67%.
Key information
8.7%
Dividend yield
122%
Payout ratio
| Industry average yield | 2.0% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | US$1.54 |
| Dividend yield forecast in 3Y | 9.2% |
Recent dividend updates
Recent updates
Westlake Chemical Partners: Units Near Fair Value, Yield Premium Fair
Dec 19Westlake Chemical Partners: Attractive And Overlooked Income Play
Oct 03Westlake Chemical: Environmental Investments Could Accelerate The Demand For The Stock
Aug 01Westlake Chemical Partners: Strategically Positioned To Benefit From Megatrends
Jul 24Westlake Chemical Partners Q4 2022 Earnings Preview
Feb 20Westlake Chemical Partners: Priced Right Ahead Of Earnings, Steady Dividends Expected
Feb 06Westlake Chemical Partners declares $0.4714 dividend
Jan 23Westlake Chemical Partners Benefits From Retreat In Natural Gas Prices
Nov 14Westlake Chemical Partners declares $0.4714 dividend
Oct 31Westlake Chemical Partners Getting Crimped By Feedstock But Still Cheap
Aug 25Westlake Chemical Partners Has Solid Margins Till 2026
Jul 27Westlake Chemical Partners: More Of The Same In 2022, Downgrading
May 06Westlake Chemical Partners: Growth, Staying Power, And A 7% Yield
Feb 15Westlake Chemical Partners: Too Conservatively Financed For Their Own Good
Nov 17Westlake Chemical Partners: A Very Stable MLP That's Still Selling At A Discount
Jul 08Westlake Chemical Partners declares $0.4714 dividend
May 03The High-Yielding Standout MLP: Westlake Chemical Partners
Jan 11Westlake Chemical Partners: Premier High-Yielder Right Now, Maybe More One Day
Nov 25Westlake Chemical Partners EPS beats by $0.11, misses on revenue
Nov 03Westlake Chemical Partners declares $0.4714 dividend
Oct 30Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, WLKP has been paying a dividend for less than 10 years.
Growing Dividend: WLKP's dividend payments have increased, but the company has only paid a dividend for 9 years.
Dividend Yield vs Market
| Westlake Chemical Partners Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (WLKP) | 8.7% |
| Market Bottom 25% (US) | 1.6% |
| Market Top 25% (US) | 4.9% |
| Industry Average (Chemicals) | 2.0% |
| Analyst forecast in 3 Years (WLKP) | 9.2% |
Notable Dividend: WLKP's dividend (8.67%) is higher than the bottom 25% of dividend payers in the US market (1.59%).
High Dividend: WLKP's dividend (8.67%) is in the top 25% of dividend payers in the US market (4.88%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (122.4%), WLKP's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (16.4%), WLKP's dividend payments are well covered by cash flows.