Westlake Chemical Partners LP (WLKP) to Issue Quarterly Dividend of $0.47 on June 1st

Posted by Brian Himes on May 6th, 2026

Westlake Chemical Partners LP (NYSE:WLKP – Get Free Report) announced a quarterly dividend on Monday, May 4th. Stockholders of record on Thursday, May 14th will be paid a dividend of 0.4714 per share by the basic materials company on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Thursday, May 14th.

Westlake Chemical Partners has a payout ratio of 92.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Westlake Chemical Partners to earn $1.71 per share next year, which means the company may not be able to cover its $1.88 annual dividend with an expected future payout ratio of 109.9%.

Westlake Chemical Partners Stock Up 1.1%

Shares of WLKP opened at $22.91 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.80 and a quick ratio of 2.74. The stock has a market capitalization of $807.65 million, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 0.64 and a beta of 0.52. Westlake Chemical Partners has a 1 year low of $17.75 and a 1 year high of $23.60. The business’s 50 day simple moving average is $22.29 and its 200-day simple moving average is $20.65.

Westlake Chemical Partners (NYSE:WLKP – Get Free Report) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). Westlake Chemical Partners had a net margin of 4.17% and a return on equity of 5.99%. The business had revenue of $305.68 million during the quarter, compared to analysts’ expectations of $522.00 million. As a group, equities analysts expect that Westlake Chemical Partners will post 1.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Westlake Chemical Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. Weiss Ratings raised shares of Westlake Chemical Partners from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Read Our Latest Stock Report on Westlake Chemical Partners

Westlake Chemical Partners Company Profile

(Get Free Report)

Westlake Chemical Partners LP (NYSE: WLKP) is a publicly traded master limited partnership sponsored by Westlake Chemical Corporation. The partnership owns, operates and acquires a portfolio of ethylene and vinyl manufacturing assets throughout the United States and the United Kingdom. As a downstream producer of basic chemicals and intermediates, WLKP supplies key industrial feedstocks to customers in a variety of end markets.

WLKP’s operations are organized into two primary segments: olefins and vinyls.