Westlake Chemical Partners LP Announces Second Quarter 2024 Distribution
Westlake Chemical Partners LP (NYSE:WLKP) has announced its second quarter 2024 distribution of $0.4714 per unit, payable on August 27, 2024, to unit holders of record on August 12, 2024. This marks the 40th quarterly distribution since the Partnership's initial public offering. The distribution is subject to federal income tax withholding for non-U.S. investors at the highest applicable effective tax rate, as 100% of the Partnership's distributions to non-U.S. investors are considered income effectively connected with a U.S. trade or business.
Westlake Chemical Partners LP (NYSE:WLKP) ha annunciato la sua distribuzione per il secondo trimestre del 2024 di $0.4714 per unità, che sarà pagata il 27 agosto 2024, agli investitori registrati al 12 agosto 2024. Questo segna la 40ª distribuzione trimestrale dall'offerta pubblica iniziale della Partnership. La distribuzione è soggetta a ritenuta fiscale federale per gli investitori non statunitensi al più alto tasso d'imposta effettivo applicabile, poiché il 100% delle distribuzioni della Partnership agli investitori non statunitensi è considerato reddito effettivamente collegato a un'attività o impresa negli Stati Uniti.
Westlake Chemical Partners LP (NYSE:WLKP) ha anunciado su distribución para el segundo trimestre de 2024 de $0.4714 por unidad, que se pagará el 27 de agosto de 2024, a los tenedores de unidades registrados al 12 de agosto de 2024. Esto marca la 40ª distribución trimestral desde la oferta pública inicial de la Asociación. La distribución está sujeta a la retención de impuestos federales sobre la renta para los inversores no estadounidenses al tipo impositivo efectivo más alto aplicable, ya que el 100% de las distribuciones de la Asociación a los inversores no estadounidenses se considera ingreso efectivamente conectado con un comercio o negocio en EE. UU.
Westlake Chemical Partners LP (NYSE:WLKP)는 2024년 2분기 유닛당 $0.4714 배당금을 2024년 8월 27일에 지급한다고 발표했습니다. 이는 파트너십의 최초 공개 이후 40번째 분기 배당금에 해당하며, 2024년 8월 12일 기록된 유닛 보유자에게 지급됩니다. 이 배당금은 비미국 투자자에게 가장 높은 적용 가능한 실효세율로 연방 소득세 원천징수의 적용을 받으며, 파트너십의 분배금 100%는 미국의 상업 또는 사업과 실질적으로 연결된 소득으로 간주됩니다.
Westlake Chemical Partners LP (NYSE:WLKP) a annoncé sa distribution pour le deuxième trimestre 2024 de $0.4714 par unité, payable le 27 août 2024, aux détenteurs d'unités inscrits au 12 août 2024. Cela marque la 40e distribution trimestrielle depuis l'offre publique initiale du Partenariat. La distribution est soumise à une retenue d'impôt fédérale sur le revenu pour les investisseurs non américains au taux d'imposition effectif le plus élevé applicable, puisque 100% des distributions du Partenariat aux investisseurs non américains sont considérées comme des revenus effectivement liés à un commerce ou une entreprise américain.
Westlake Chemical Partners LP (NYSE:WLKP) hat die Ausschüttung für das zweite Quartal 2024 von $0.4714 pro Einheit angekündigt, die am 27. August 2024 an die Einheiteninhaber gezahlt wird, die am 12. August 2024 registriert sind. Dies ist die 40. vierteljährliche Ausschüttung seit dem Börsengang der Partnerschaft. Die Ausschüttung unterliegt der federalen Einkommenssteuer für nicht-US-Investoren zum höchsten anwendbaren effektiven Steuersatz, da 100% der Ausschüttungen der Partnerschaft an nicht-US-Investoren als Einkünfte gelten, die tatsächlich mit einem US-Handel oder -geschäft verbunden sind.
- Consistent quarterly distribution maintained
- 40th consecutive quarterly distribution since IPO
- None.
Insights
Westlake Chemical Partners LP's announcement of its Q2 2024 distribution is a routine update that maintains the company's consistent dividend policy. The declared distribution of
While the distribution amount remains unchanged from previous quarters, it's important to note the following:
- The annualized distribution rate of
$1.8856 per unit ($0.4714 * 4) suggests a yield of approximately7% based on current unit prices, which is attractive in the current market environment. - The consistency in distribution reflects the Partnership's steady cash flow generation, likely derived from its ethylene production facilities and long-term agreements with Westlake
- The tax treatment information provided is important for non-U.S. investors, as it clarifies the withholding requirements, which could impact the after-tax returns for these unitholders.
From an investor's perspective, while this news doesn't signal growth, it reinforces the Partnership's role as a reliable income-generating vehicle in the chemicals sector. However, investors should also consider the broader economic context, including interest rates and the cyclical nature of the chemical industry, when evaluating the attractiveness of this distribution yield.
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$0.47 14
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (
About Westlake Chemical Partners LP
Westlake Chemical Partners is a limited partnership formed by Westlake Corporation to operate, acquire and develop ethylene production facilities and other qualified assets. Headquartered in
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Media Inquiries:
Westlake Corp.
Ben Ederington, 1-713-585-2900
or
Investor Inquiries:
Westlake Corp.
Steve Bender, 1-713-585-2900
Source: Westlake Chemical Partners
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