Westlake Chemical (WLK) Raises Quarterly Dividend 40.1% to $0.50; 1.5% Yield

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Go back to Westlake Chemical (WLK) Raises Quarterly Dividend 40.1% to $0.50; 1.5% Yield

Westlake Announces 40% Increase in Quarterly Dividend

August 14, 2023 6:30 AM EDT

HOUSTON--(BUSINESS WIRE)-- The Board of Directors of Westlake Corporation (NYSE: WLK) today declared a regular dividend distribution of 50.00 cents per share for the second quarter of 2023, an increase of approximately 40% from the 35.70 cents per share of the first quarter of 2023. This dividend will be payable on September 12, 2023, to stockholders of record on August 25, 2023.

The significant increase in our dividend reflects the strong cash generative business model as we have continued our growth at Westlake, said Albert Chao, president and chief executive officer of Westlake. Our Investments in differentiated and specialty products in our... More