Westlake Chemical Partners LP (WLKP) Raises Quarterly Dividend 2.9% to $0.2829; 3.9% Yield
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Westlake Chemical Partners LP Announces First Quarter Distribution
April 29, 2015 11:15 PM EDTHOUSTON, April 29, 2015 /PRNewswire/ -- The Board of Directors of Westlake Chemical Partners GP LLC , the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE: WLKP) declared on April 29, 2015, a distribution of $0.2829 per unit.  This distribution represents an increase of 2.87% over the distribution made for the fourth quarter of 2014 which was paid on February 24, 2015. This is the third distribution announced by the Partnership since its successful IPO closing on August 4, 2014. The distribution will be payable on May 27, 2015, to unit holders of record on May 12, 2015.
"This distribution is the... More
Westlake Chemical Partners LP Acquires Additional Interest in Westlake Chemical OpCo LP and Establishes Revolving Credit Facility
April 29, 2015 10:30 PM EDT
HOUSTON, April 29, 2015 /PRNewswire/ -- Westlake Chemical Partners LP (NYSE: WLKP) ("Westlake Partners") today announced that it has acquired approximately 2.7% of additional limited partner interest in Westlake Chemical OpCo LP ("OpCo") for approximately $135 million. The transaction, which closed today, is expected to be immediately accretive to Westlake Partners' distributable cash flow. Additionally, Westlake Partners has established a $300 million revolving credit facility (the "MLP Revolver") with a wholly owned subsidiary of Westlake Chemical Corporation (NYSE: WLK) ("Westlake") to fund acquisitions and for general... More
