Westlake Chemical Partners LP Common Units representing limited partner interests (WLKP) Dividends

Westlake Chemical Partners LP Common Units representing limited partner interests (WLKP)

Today's Latest Price: $19.38 USD

0.30 (1.57%)

Updated Oct 23 7:00pm

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Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 18 in MLPs - Other

See all "A" rated Strong Buy stocks

Dividend Yield and Dividend History Highlights

  • WLKP reports a compound annual dividend growth rate of 0.62% over the past 5.5 years.
  • The stock's free cash flow/dividend ratio, potentially useful for understanding its ability to make dividend payments, comes in at -6.43 -- higher than only 18.77% of other dividend issuers in the US.
  • Free cash flow for WLKP has a compound average growth rate of -40.75%, which is higher than merely 17.03% of stocks in our dividend set.
  • As for stocks whose price is uncorrelated with WLKP's price and thus may be suitable peers for a diversified dividend portfolio, check out the following: GIS, SIEB, ADSW, KGJI and NAT.
WLKP Ex-Dividend Date
WLKP Dividend Yield
9.75%
WLKP Annual Dividend
$1.89
WLKP Payout Ratio

WLKP Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$19.38$63.01 229.37%

The Dividend Discount Model (DDM) is a valuation model that attempts to determine a fair share price for a stock, based on the dividend it provides in comparison to several company-specific metrics indicative of the riskiness of the stock and the financial health of the company. Regarding Westlake Chemical Partners LP, the DDM model, as implemented by StockNews, implies a positive return of 229.37% relative to its current price. To help understand and contextualize the model's evaluation of WLKP, investors may wish to consider are:

  • Relative to all dividend yielding stocks in our set, Westlake Chemical Partners LP's dividend yield of 9.68% is in the top 6.84999999999999%.
  • WLKP's growth rate in terms of the amount of dividends it returns to shareholders is greater than 91.07% of its fellow dividend stocks in the Basic Materials sector.
  • Regarding its relative worth based on the dividend discount model, WLKP's provides a return of 229.37% based on the forecast of the dividend discount model we used relative to its current share price; this is a better return than 91.86% of all stocks we measured with our dividend discount model.

WLKP Dividend Chart


WLKP Dividend History

Ex-Dividend Date Type Payout Amount Change
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WLKP Dividends vs. Peers

WLKP's dividend yield currently ranks #9 of 22 vs. its peers in the MLPs - Other category.
Rank Symbol Name Dividend Yield
1 HCLP Hi-Crush Partners LP Common Units representing limited partner interests 42.61%
2 RTLR Rattler Midstream LP - Common Limited Partnership Interests 19.17%
3 NRP Natural Resource Partners LP Limited Partnership 14.95%
4 USDP USD Partners LP Common Units representing limited partner interest 13.46%
5 OCIP OCI Partners LP Common Units representing Limited Partner Interests 13.22%
6 SXCP SunCoke Energy Partners, L.P. Common Limited partner Interests 12.89%
7 BKEP Blueknight Energy Partners L.P., L.L.C. - Common Units representing Limited Partner Interests 11.11%
8 AHGP Alliance Holdings GP, L.P. - Common Limited Partner Interests 10.53%
9 WLKP Westlake Chemical Partners LP Common Units representing limited partner interests 9.68%
10 KRP Kimbell Royalty Partners Common Limited Partner Interests 8.28%
11 SPLP Steel Partners Holdings LP LTD PARTNERSHIP UNIT 5.70%
12 WMLP Westmoreland Resource Partners, LP Common Units representing Limited Partner Interests 5.61%
13 POPE Pope Resources - Limited Partnership 4.08%
14 BIP Brookfield Infrastructure Partners LP Limited Partnership Units 4.06%
15 NEP NextEra Energy Partners, LP Common Units representing limited partner interests 3.92%
16 BEP Brookfield Renewable Partners L.P. 3.25%
17 FELP Foresight Energy LP Common Units representing Limited Partner Interests 0.00%
18 CCR CONSOL Coal Resources LP Common Units representing limited partner interests 0.00%
19 ARLP Alliance Resource Partners, L.P. - Common Limited Partnership Interests 0.00%
20 CINR Ciner Resources LP Common Units representing Limited Partner Interests 0.00%
21 UAN CVR Partners, LP Common Units representing Limited Partner Interests 0.00%
22 STON StoneMor Partners L.P. Common Unit Rep Limited Partnership Interests 0.00%

Looking for More Information on WLKP dividends?

Want to see what other sources are saying about Westlake Chemical Partners LP's dividends? Try the links below:

Westlake Chemical Partners LP Common Stock (WLKP) Dividend History | Nasdaq
Dividend History for Westlake Chemical Partners LP (WLKP) - Dividend Investor
Westlake Chemical Partners LP (WLKP) Dividend History - Seeking Alpha


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