Westlake Chemical Partners Declares Quarterly Dividend of $0.4714 per Share, a 1.2% Decrease.

Westlake Chemical Partners has declared a quarterly dividend of $0.4714/share, a 1.2% decrease from the previous dividend of $0.4771. The forward yield is 8.59%. The dividend is payable on August 27 for shareholders of record on August 12, with an ex-dividend date of August 12.

Westlake Chemical Partners LP (WLKP) has announced a quarterly dividend of $0.4714 per share, representing a 1.2% decrease from the previous dividend of $0.4771. The forward yield is 8.59%, making it an attractive option for income-focused investors. The dividend will be payable on August 27, 2025, to shareholders of record on August 12, 2025, with an ex-dividend date of August 12, 2025 [1].

WLKP, which operates ethylene production facilities and related assets in the United States, has consistently demonstrated stable cash flows and a growing market presence. The company's recent earnings reports indicate a strong performance, with revenue and earnings showing positive trends over the past year [2].

The dividend decrease is relatively minor and is part of the company's ongoing efforts to optimize its financial performance. Despite the slight reduction in the dividend, the forward yield remains competitive, offering investors a robust return on their investment.

Investors should closely monitor the company's upcoming earnings reports and other financial statements to gauge its future performance and dividend potential. Westlake Chemical Partners continues to be a significant player in the chemical industry, with a focus on ethylene production and related co-products [2].

References:
[1] https://seekingalpha.com/news/4475234-westlake-chemical-partners-declares-0_4714-dividend
[2] https://stockanalysis.com/stocks/wlkp/