Westlake Chemical Partners LP (WLKP) Dividends

Westlake Chemical Partners LP (WLKP): $26.85

-0.22 (-0.81%)

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
6.98%
WLKP Annual Dividend
$1.89
WLKP Payout Ratio

WLKP Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$26.85$364.51 1272.91%

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 dividend discount model StockNews created for the company implies a positive return of 1272.91%. Digging deeper, the aspects of Westlake Chemical Partners LP's dividend discount model that we found most interesting were:

  • WLKP generates about 1 billion US dollars in revenue annually; in terms of how this translates into revenue, it has a dividend yield higher than 96.06% of companies in the mid revenue class.
  • In comparison to other US listed dividend yielding stocks in the Basic Materials sector, the expected return of 1272.91%, based on the stock's current share price and target price based on a dividend discount model, is greater than 98.44% of the DDM-forecasted return of its its sector peers.
  • Compared to all dividend issuing stocks in our set, Westlake Chemical Partners LP bears a discount rate, according to our calculations, lower than 98.44% of them (lower discount rates are generally perceived as positive, and a sign of lower risk).
  • Westlake Chemical Partners LP's market cap of $956 million US dollars puts it in the small-sized market cap class; here, it has a lower equity discount rate than 96.86% of stocks.

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 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 UAN CVR Partners, LP Common Units representing Limited Partner Interests 11.67%
5 AHGP Alliance Holdings GP, L.P. - Common Limited Partner Interests 10.53%
6 KRP Kimbell Royalty Partners Common Limited Partner Interests 9.41%
7 USDP USD Partners LP 8.19%
8 RTLR Rattler Midstream LP - Common Limited Partnership Interests 8.11%
9 CINR Ciner Resources LP Common Units representing Limited Partner Interests 8.00%
10 WLKP Westlake Chemical Partners LP 6.95%
11 WMLP Westmoreland Resource Partners, LP Common Units representing Limited Partner Interests 5.61%
12 ARLP Alliance Resource Partners L.P. 5.45%
13 NRP Natural Resource Partners LP Limited Partnership 4.71%
14 BKEP Blueknight Energy Partners G.P. LLC 4.58%
15 POPE Pope Resources - Limited Partnership 4.08%
16 BEP Brookfield Renewable Partners L.P. 3.73%
17 NEP NextEra Energy Partners, LP Common Units representing limited partner interests 3.59%
18 BIP Brookfield Infrastructure Partners LP Limited Partnership Units 3.42%
19 FELP Foresight Energy LP Common Units representing Limited Partner Interests 0.00%
20 CCR CONSOL Coal 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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