Westlake Chemical Corporation Announces 10% Increase in Quarterly Dividend

Rhea-AI Summary

Westlake Chemical Corporation (NYSE:WLK) announced a regular dividend of $0.2975 per share for Q2 2021, representing a 10.2% increase from the previous quarter's $0.2700. This dividend will be paid on September 8, 2021, to stockholders of record as of August 24, 2021. This marks the 68th consecutive quarterly dividend since the company's IPO in August 2004, highlighting a commitment to returning value to shareholders.

Positive

• Dividend increase of 10.2% enhances shareholder income.
• 68 consecutive quarterly dividends reflect stable financial performance.

Negative

• None.

The Board of Directors of Westlake Chemical Corporation (NYSE:WLK) declared today a regular dividend distribution of $0.2975 per share for the second quarter of 2021, an increase of 10.2% from the $0.2700 per share in the first quarter of 2021. This dividend will be payable on September 8, 2021, to stockholders of record on August 24, 2021.

This is the 68th successive quarterly dividend that Westlake has declared since completing its initial public offering in August 2004.

About Westlake

Westlake is a global manufacturer and supplier of materials and innovative products that enhance life every day. Headquartered in Houston, we provide the building blocks for vital solutions — from building products and infrastructure materials, to packaging and healthcare products, to automotive and consumer goods. For more information, visit the company's web site at www.westlake.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210813005424/en/

FAQ

What is the dividend amount declared by Westlake Chemical for Q2 2021?

Westlake Chemical declared a dividend of $0.2975 per share for Q2 2021.

When will the dividend be paid to shareholders of Westlake Chemical?

The dividend will be payable on September 8, 2021.

What is the record date for the dividend payment by Westlake Chemical?

The record date for the dividend payment is August 24, 2021.

How many consecutive quarterly dividends has Westlake Chemical declared?

Westlake Chemical has declared 68 consecutive quarterly dividends since its IPO.

Is the dividend from Westlake Chemical sustainable?

The announcement suggests a positive outlook, but sustainability will depend on future financial performance.