If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Westlake Chemical Partners LP is 1.22, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Westlake Chemical Partners LP was 1.23. The lowest was 0.34. And the median was 0.93.
During the past 5 years, the average Dividends Per Share Growth Rate was 2.70% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Westlake Chemical Partners LP was 103.90% per year. The lowest was 1.50% per year. And the median was 10.65% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Westlake Chemical Partners LP Dividend Yield % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Westlake Chemical Partners LP Dividend Yield % Chart
Competitive Comparison of Westlake Chemical Partners LP's Dividend Yield %
For the Chemicals subindustry, Westlake Chemical Partners LP's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Westlake Chemical Partners LP's Dividend Yield % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Westlake Chemical Partners LP's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Westlake Chemical Partners LP's Dividend Yield % falls into.
Westlake Chemical Partners LP Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Westlake Chemical Partners LP Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 0.471400
2024-02-01
2024-02-02
2024-02-20
Cash Dividend
quarterly
USD: 1.000000
USD 0.471400
2023-11-09
2023-11-10
2023-11-27
Cash Dividend
quarterly
USD: 1.000000
USD 0.471400
2023-08-10
2023-08-11
2023-08-25
Cash Dividend
quarterly
USD: 1.000000
USD 0.471400
2023-05-11
2023-05-12
2023-05-26
Cash Dividend
quarterly
USD: 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Westlake Chemical Partners LP (NYSE:WLKP) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Westlake Chemical Partners LP Dividend Yield % Related Terms
Thank you for viewing the detailed overview of Westlake Chemical Partners LP's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Westlake Chemical Partners LP (Westlake Chemical Partners LP) Business Description
Westlake Chemical Partners LP is a part of the chemical industry in the United States. Its operations are conducted through OpCo, it acquires and develop ethyelene production facilities, which convert ethane into ethylene. OpCo sells ethylene and its co-products such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen to Westlake and other customers located in the United States. Its assets include three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana.
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