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Westlake (WLK) Dividend Yield, Date & History

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$113.23 -0.08 (-0.07%)
(As of 12/20/2024 04:34 PM ET)

Westlake Dividend Summary

Dividend Yield
1.85%
Annual Dividend
$2.10
Recent
Dividend Payment
Dec. 12
Dividend Increase
Track Record
21 Years
Annualized 3-Year
Dividend Growth
17.19%
Dividend Payout Ratio
295.77%

Westlake (WLK) pays an annual dividend of $2.10 per share, with a dividend yield of 1.85%. The next quarterly payment of $0.5250 per share was paid on Thursday, December 12, to investors who owned the stock before the ex-dividend date of Tuesday, November 26. WLK has grown its dividend for 21 consecutive years, with an average annual increase of 5.43%. The company currently pays out 295.77% of its earnings and 13.11% of its cash flow as dividends.

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WLK Dividend Payments by Quarter

The chart below displays up to four years of Westlake's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

WLK Dividend Yield Over Time

The chart below tracks Westlake's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Westlake vs. The Competition

Compare Westlake's annual dividend, yield, and 3-year growth rate with averages for Materials and NYSE companies to evaluate its performance against the market.

TypeWestlakeMaterials CompaniesNYSE Companies
Annual Dividend$2.10$0.17$1.39
Dividend Yield1.85%5.22%3.58%
Annualized 3-Year Dividend Growth17.19%21.64%15.78%
Track Record21 years26 years24 years

Westlake Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings295.77%
Based on This Year's Estimate32.46%
Based on Next Year's Estimate27.70%
Based on Cashflow13.11%

Westlake Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
11/15/2024Quarterly$0.5250 - 1.65%11/26/202411/26/202412/12/2024
8/9/2024quarterly$0.5250+$0.0250
5.00%
1.5%8/20/20248/20/20249/5/2024
5/10/2024quarterly$0.50 - 1.3%5/20/20245/21/20246/6/2024
2/16/2024Quarterly$0.50 - 1.39%2/27/20242/28/20243/14/2024
11/10/2023quarterly$0.50+$0.1430
40.06%
1.6%11/20/202311/21/202312/6/2023
8/14/2023Quarterly$0.3570 - 1.06%8/24/20238/25/20239/12/2023
5/12/2023Quarterly$0.3570 - 1.24%5/22/20235/23/20236/8/2023
2/17/2023Quarterly$0.3570 - 1.25%2/28/20233/1/20233/16/2023

This table shows Westlake's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Westlake Dividend - Frequently Asked Questions

The current dividend yield for Westlake is 1.85%. Learn more on WLK's dividend yield history.

The annual dividend for WLK shares is $2.10. Learn more on WLK's annual dividend history.

Westlake pays quarterly dividends to shareholders.

Westlake's most recent quarterly dividend payment of $0.5250 per share was made to shareholders on Thursday, December 12, 2024.

Westlake's most recent ex-dividend date was Tuesday, November 26, 2024.

Over the past three years, the company's dividend has grown by an average of 17.19% per year.

Westlake has increased its dividend for the past 21 consecutive years.

The most recent change in the company's dividend was an increase of $0.0250 on Friday, August 9, 2024.

The dividend payout ratio for WLK is:
  • 295.77% based on the trailing year of earnings
  • 32.46% based on this year's estimates
  • 27.70% based on next year's estimates
  • 13.11% based on cash flow

Westlake's dividend yield of 1.78% is lower than the average Basic Materials company that issues a dividend. The company's 21 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Westlake's dividend payout ratio of 295.77% may not be sustainable. However, based on earnings estimates, WLK will have a more sustainable dividend payout ratio of 27.70% next year.

Looking at the stock as a whole, market analysts rate Westlake stock as a Hold, forecasting limited upside or downside, with the stock seen as fairly valued at this time.


This page (NYSE:WLK) was last updated on 12/21/2024 by MarketBeat.com Staff
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