At the end of August 25, 2023, Westlake Chemical WLKP will reward its shareholders with a dividend payout of $0.47 per share, demonstrating an annualized dividend yield of 8.30%. Remember, only investors who held the stock before the ex-dividend date on August 10, 2023 will receive this payout.
Westlake Chemical Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-10 | 4 | $0.47 | 8.3% | 2023-08-01 | 2023-08-11 | 2023-08-25 |
| 2023-05-11 | 4 | $0.47 | 8.55% | 2023-05-02 | 2023-05-12 | 2023-05-26 |
| 2023-02-01 | 4 | $0.47 | 7.42% | 2023-01-23 | 2023-02-02 | 2023-02-16 |
| 2022-11-09 | 4 | $0.47 | 8.21% | 2022-10-31 | 2022-11-10 | 2022-11-28 |
| 2022-08-10 | 4 | $0.47 | 7.44% | 2022-08-01 | 2022-08-11 | 2022-08-25 |
| 2022-05-11 | 4 | $0.47 | 6.92% | 2022-05-02 | 2022-05-12 | 2022-05-26 |
| 2022-02-02 | 4 | $0.47 | 7.16% | 2022-01-24 | 2022-02-03 | 2022-02-17 |
| 2021-11-10 | 4 | $0.47 | 7.33% | 2021-11-01 | 2021-11-12 | 2021-11-29 |
| 2021-08-11 | 4 | $0.47 | 7.06% | 2021-08-02 | 2021-08-12 | 2021-08-26 |
| 2021-05-12 | 4 | $0.47 | 7.02% | 2021-05-03 | 2021-05-13 | 2021-05-27 |
| 2021-02-03 | 4 | $0.47 | 8.64% | 2021-01-25 | 2021-02-04 | 2021-02-19 |
| 2020-11-06 | 4 | $0.47 | 10.4% | 2020-10-30 | 2020-11-09 | 2020-11-24 |
Westlake Chemical's dividend yield falls in the middle range when compared to its industry peers, with Kronos Worldwide KRO having the highest annualized dividend yield at 9.35%.
Analyzing Westlake Chemical Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company demonstrated a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $1.80 to $1.89. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For Westlake Chemical
From 2019 to 2022, Westlake Chemical experienced a growth in earnings per share, with an increase from $1.64 to $2.19. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
In this article, we delve into Westlake Chemical's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.47 per share today, resulting in an annualized dividend yield of 8.30%.
Westlake Chemical's dividend yield falls in the middle range when compared to its industry peers, with Kronos Worldwide having the highest annualized dividend yield at 9.35%.
Given that Westlake Chemical has experienced an increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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