Westlake Chemical Partners LP (Westlake Chemical Partners LP) Dividend Payout Ratio : 1.15 (As of Dec. 2023)

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What is Westlake Chemical Partners LP Dividend Payout Ratio?

Westlake Chemical Partners LP's dividend payout ratio for the months ended in Dec. 2023 was 1.15.

Warning Sign:

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.

The historical rank and industry rank for Westlake Chemical Partners LP's Dividend Payout Ratio or its related term are showing as below:

WLKP' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.34 Med: 0.93 Max: 1.23
Current: 1.22

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.

WLKP's Dividend Payout Ratio is ranked worse than
87.61% of 912 companies
in the Chemicals industry
Industry Median: 0.39 vs WLKP: 1.22

As of today (2024-05-01), the Dividend Yield % of Westlake Chemical Partners LP is 8.61%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Westlake Chemical Partners LP was 13.39%. The lowest was 0.61%. And the median was 7.05%.

Westlake Chemical Partners LP's Dividends per Share for the months ended in Dec. 2023 was $0.47.

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 Payout Ratio Historical Data

The historical data trend for Westlake Chemical Partners LP's Dividend Payout Ratio can be seen below:

* 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 Payout Ratio Chart

Westlake Chemical Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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1.02

1.00

0.81

1.04

1.23

Westlake Chemical Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.98	1.12	1.39	1.27	1.15

Competitive Comparison of Westlake Chemical Partners LP's Dividend Payout Ratio

For the Chemicals subindustry, Westlake Chemical Partners LP's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Payout Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Westlake Chemical Partners LP's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Westlake Chemical Partners LP's Dividend Payout Ratio falls into.

Westlake Chemical Partners LP Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Westlake Chemical Partners LP's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	1.886	/	1.54
	=	1.22

Westlake Chemical Partners LP's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.471	/	0.41
	=	1.15

Westlake Chemical Partners LP (NYSE:WLKP) Dividend Payout Ratio Explanation

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 Payout Ratio Related Terms

Thank you for viewing the detailed overview of Westlake Chemical Partners LP's Dividend Payout Ratio 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

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Westlake Chemical Partners LP (NYSE:WLKP) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

2801 Post Oak Boulevard, Suite 600, Houston, TX, USA, 77056

Website

https://www.wlkpartners.com

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.

Executives

Andrew Kenner	officer: SVP, Olefin Material & Corp Pr	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Randy Woelfel	director	3411-3433 W. EL SEGUNDO BLVD., HAWTHORNE CA 90250
G Stephen Finley	director	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Lisa A. Friel	director	2611 PLUM HOLLOW, SAN ANTONIO TX 78258
James Chao	director, 10 percent owner	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Thomas J. Janssens	officer: VP, Olefins Feedstock & Energy	2801 POST OAK BLVD., SUITE 600, HOUSTON TX 77056
Johnathan Stevan Zoeller	officer: VP and CAO	2801 POST OAK BLVD., SUITE 600, HOUSTON TX 77056
Albert Chao	director, 10 percent owner, officer: President & CEO	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
L. Benjamin Ederington	director, officer: VP, General Counsel	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Mark Steven Bender	director, officer: Sr VP, CFO	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Lawrence E. Teel	officer: SVP, Olefins	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
Ttwfgp Llc	10 percent owner	2801 POST OAK BLVD, SUITE 600, HOUSTON TX 77056
David Lumpkins	director	600 TRAVIS STREET, SUITE 3250, HOUSTON TX 77002
Angela A Minas	director	3262 WESTHEIMER ROAD #627, HOUSTON TX 77098
Blackstone Securities Partners L.p.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154-0191