Westlake Chemical Partners LP Common Units representing limited partner interests (WLKP) Dividends
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 Price Forecast Based on Dividend Discount Model
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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
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WLKP Dividends vs. Peers
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