Westlake Chemical Partners LP (WLKP) Dividends

Westlake Chemical Partners LP (WLKP): $21.73

0.01 (-0.05%)

POWR Rating

Component Grades

Momentum

D

Stability

B

Sentiment

Quality

A

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Industry: MLPs - Other

Industry

C

Ranked

#2 of 8

in industry

Dividend Yield and Dividend History Highlights

  • WLKP's free cash flow has decreased for the 6th consecutive quarter.
  • 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: ETR, CIB, MOMO, HCC and ENIA.
WLKP Ex-Dividend Date
WLKP Dividend Yield
8.61%
WLKP Annual Dividend
$1.88
WLKP Payout Ratio

WLKP Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$21.73$578.53 2083.13%

For dividend yielding stocks, the Dividend Discount Model (DDM) is a common valuation tool; it attempts to extrapolate a fair share price based primarily on the dividend the stock provides relative to a number of other quantiative aspects of its business. In the case of WLKP, the DDM model, as implemented by StockNews, implies a positive return of 2083.13% relative to its current price. Some interesting points we thought investors may wish to consider regarding the dividend discount model forecast for Westlake Chemical Partners LP are:

  • The amount of revenue Westlake Chemical Partners LP earns annually is around 1 billion; relative to its peers in the mid-sized revenue class, it has a dividend yield higher than 95.64%.
  • With a market cap of roughly $951 million, WLKP is in the small-sized market cap class; amongst this group of stocks, its equity discount rate is lower than 96.46% of them.
  • WLKP's market cap of approximately $951 million makes it a small-sized market cap company; out of dividend issuers in this group, the investment opportunity based on the difference between its current share price and its forecasted DDM value is greater than 97.39% of them.


WLKP Dividend History

Ex-Dividend Date Type Payout Amount Change
2024-02-01Dividend$0.47--
2023-11-09Dividend$0.47--
2023-08-10Dividend$0.47--
2023-05-11Dividend$0.47--
2023-02-01Dividend$0.47--
2022-11-09Dividend$0.47--
2022-08-10Dividend$0.47--
2022-05-11Dividend$0.47--
2022-02-02Dividend$0.47--
2021-11-10Dividend$0.47--
2021-08-11Dividend$0.47--
2021-05-12Dividend$0.47--
2021-02-03Dividend$0.47--
2020-11-06Dividend$0.47--
2020-08-07Dividend$0.47--
2020-05-08Dividend$0.47--
2020-01-31Dividend$0.47+1.29%
2019-11-08Dividend$0.47+1.53%
2019-08-09Dividend$0.46+2.92%
2019-05-10Dividend$0.45+2.77%
2019-02-04Dividend$0.43+2.85%
2018-11-08Dividend$0.42+2.93%
2018-08-09Dividend$0.41+2.76%
2018-05-09Dividend$0.40+3.11%
2018-02-07Dividend$0.39+2.66%
2017-11-13Dividend$0.38+3.01%
2017-08-11Dividend$0.37+2.82%
2017-05-11Dividend$0.36+2.90%
2017-02-03Dividend$0.35+2.99%
2016-11-09Dividend$0.34+2.76%
2016-08-05Dividend$0.33+2.84%
2016-05-06Dividend$0.32+2.92%
2016-02-09Dividend$0.31+3.01%
2015-11-05Dividend$0.30+2.75%
2015-08-11Dividend$0.29+2.86%
2015-05-08Dividend$0.28+2.87%
2015-02-05Dividend$0.28+61.38%
2014-11-06Dividend$0.17--


WLKP Dividends vs. Peers

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