Westlake Chemical Partners LP (WLKP) Dividends

Westlake Chemical Partners LP (WLKP): $22.85

0.90 (+4.10%)

POWR Rating

Component Grades

Momentum

C

Stability

B

Sentiment

Quality

A

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Industry: MLPs - Other

Industry

B

Ranked

#1 of 9

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
8.56%
WLKP Annual Dividend
$1.88
WLKP Payout Ratio

WLKP Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$22.85$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 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 #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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