Today, November 27, 2023, marks an important moment for investors of Westlake Chemical WLKP. The company will distribute a dividend payout of $0.47 per share, demonstrating an annualized dividend yield of 8.79%. Remember, only shareholders prior to the ex-dividend date on November 09, 2023 are eligible for this payout.
Westlake Chemical Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-09 | 4 | $0.47 | 8.79% | 2023-11-01 | 2023-11-10 | 2023-11-27 |
| 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 |
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 8.93%.
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
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $1.80 in 2019 to $1.89 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Westlake Chemical
The earnings chart illustrates an increase in Westlake Chemical's earnings per share, from $1.64 in 2019 to $2.19 in 2022. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
Recap
In this article, we explore the recent dividend payout of Westlake Chemical and its significance for shareholders. The company has decided to distribute a dividend of $0.47 per share today, which equates to an annualized dividend yield of 8.79%.
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 8.93%.
The increase in both dividend per share and earnings per share from 2019 to 2022 for Westlake Chemical indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
[Track real-time stock fluctuations for Westlake Chemical on Benzinga.](https://www.benzinga.com/quote/Westlake Chemical (NYSE: WLKP))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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