Westlake Chemical Dividend yield

Westlake Chemical is part of Chemicals business, which is part of Basic Materials industry. Westlake Chemical is a company from USA, and his stocks are publicly traded.

Westlake Chemical stock dividend

Westlake Chemical paid a total dividend of 256 million USD last year, for a market value of 16,765 millions (Market Cap 4,228 millions). Westlake Chemical dividend per share is 2.00 USD, and his stock market price 130.98 USD.

According to the chart below, where dividend yield is displayed, Westlake Chemical has a dividend yield of 1.53%, lower than the amount offered by both the market average and companies from USA. It is also lower than average of Basic Materials industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...

In addition, you should compare Westlake Chemical stocks dividend with other Chemicals companies or other of the highest USA dividend stocks list.

Westlake Chemical Dividend Payout

About the ability of Westlake Chemical to maintain his current dividend of USD 2.00 per share, an amount that accounts for 1.53%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Westlake Chemical payout on ernings is currently 10.69%, which is lower than the market average and companies of Basic Materials industry, which are 39.34% and 38.07% respectively. Both figures lead us to believe that there is confidence that Westlake Chemicalcan maintain his current dividend.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Westlake Chemical is USD 26.73 per share, which is higher than the dividend per share paid by the company of USD 2.00, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Westlake Chemical, compared againt world market average, USA companies, Basic Materials industry and Chemicals sector companies.

Westlake Chemical Dividend History

Below you will find a table with the historical evolution of Westlake Chemical's dividend stock, both in percentage and in USD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	USD	Paypout	Shares*
Present	1.53%	2.00	10.69%	128
2022	1.39%	1.43	8.65%	128
2021	1.23%	1.19	34.80%	128
2020	1.32%	1.08	26.09%	128
2019	1.50%	1.05	12.43%	129
2018	1.51%	1.00	15.87%	130
2017	0.79%	0.84	23.01%	129
2016	1.29%	0.76	14.39%	129
2015	1.21%	0.73	13.62%	133

*In millions

Then you can see the evolution of Westlake Chemical dividend stock, and compare it with the average of USA stocks and that of the Chemicals stocks.

Westlake Chemical Stock performance

Finally, last moth Westlake Chemical showed a return of -4.70% compared to a worldwide -2.49% average, and a -3.66% of Basic Materials firms. Over the last year, the company obtained a 32.80% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for USA and Chemicals firms.