Westlake Chemical Partners (WLKP) to Release Quarterly Earnings on Tuesday

Westlake Chemical Partners (NYSE:WLKP - Get Free Report) is expected to announce its earnings results before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.36 per share and revenue of $1.08 billion for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Westlake Chemical Partners Stock Up 0.4 %

Shares of NYSE:WLKP traded up $0.09 during trading on Friday, hitting $23.64. 99,281 shares of the company's stock traded hands, compared to its average volume of 36,623. Westlake Chemical Partners has a 52 week low of $21.19 and a 52 week high of $24.98. The company has a current ratio of 4.53, a quick ratio of 4.46 and a debt-to-equity ratio of 0.48. The company has a market cap of $833.05 million, a price-to-earnings ratio of 13.51 and a beta of 1.09. The company has a 50-day moving average price of $23.73 and a 200-day moving average price of $23.03.

Westlake Chemical Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be given a $0.4714 dividend. This represents a $1.89 dividend on an annualized basis and a yield of 7.98%. The ex-dividend date is Friday, February 7th. This is a positive change from Westlake Chemical Partners's previous quarterly dividend of $0.47. Westlake Chemical Partners's dividend payout ratio (DPR) is currently 107.43%.

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About Westlake Chemical Partners

Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. The company's ethylene production facilities primarily convert ethane into ethylene. It also sells ethylene co-products, such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on either a spot or contract basis.