Westlake Chemical Partners LP (WLKP) Dividends

Westlake Chemical Partners LP (WLKP): $24.56

-0.04 (-0.16%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

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Industry: MLPs - Other


Ranked

of 10

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
7.70%
WLKP Annual Dividend
$1.89
WLKP Payout Ratio

WLKP Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$24.56$424.38 1501.43%

A technique commonly used by dividend investors to value dividend-issuing stocks is the Dividend Discount Model (DDM), which seeks to determine a fair share price based on the dividend provided by the company relative to a number of other company-specific factors. In the case of WLKP, the DDM model, as implemented by StockNews, implies a positive return of 1501.43% relative to its current price. To help understand and contextualize the model's evaluation of WLKP, investors may wish to consider are:

  • With a market cap of roughly $924 million, WLKP is in the small-sized market cap class; here, it has a lower equity discount rate than 98.56% of stocks.
  • Regarding its relative worth based on the dividend discount model, Westlake Chemical Partners LP's estimated return of 1501.43% surpasses about 97.68% of dividend issuers we applied the dividend discount model to.
  • Beta, a measure of volatility relative to the stock market overall, is lower for WLKP than it is for 96.85% of other equities in the Basic Materials sector that also issue dividends.

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 21 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 OCIP OCI Partners LP Common Units representing Limited Partner Interests 13.22%
3 SXCP SunCoke Energy Partners, L.P. Common Limited partner Interests 12.89%
4 AHGP Alliance Holdings GP, L.P. - Common Limited Partner Interests 10.53%
5 UAN CVR Partners, LP Common Units representing Limited Partner Interests 10.20%
6 KRP Kimbell Royalty Partners Common Limited Partner Interests 9.39%
7 RTLR Rattler Midstream LP - Common Limited Partnership Interests 8.58%
8 NRP Natural Resource Partners LP Limited Partnership 8.39%
9 WLKP Westlake Chemical Partners LP 7.68%
10 USDP USD Partners LP Common Units representing limited partner interest 7.31%
11 WMLP Westmoreland Resource Partners, LP Common Units representing Limited Partner Interests 5.61%
12 BKEP Blueknight Energy Partners G.P. LLC 5.11%
13 ARLP Alliance Resource Partners, L.P. - Common Limited Partnership Interests 4.20%
14 POPE Pope Resources - Limited Partnership 4.08%
15 BIP Brookfield Infrastructure Partners LP Limited Partnership Units 3.65%
16 NEP NextEra Energy Partners, LP Common Units representing limited partner interests 3.38%
17 BEP Brookfield Renewable Partners L.P. 3.15%
18 FELP Foresight Energy LP Common Units representing Limited Partner Interests 0.00%
19 CCR CONSOL Coal Resources LP Common Units representing limited partner interests 0.00%
20 CINR Ciner Resources LP Common Units representing Limited Partner Interests 0.00%
21 SPLP Steel Partners Holdings LP LTD PARTNERSHIP UNIT 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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