WLK Westlake Chemical Co.
- Price as of: Oct 25, 06:40 PM EDT
- Specialty chemicals
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WLK Daily Snapshot
- Quote Time:
- Oct 25, 06:40 PM
- Today's Volume:
- Open Price:
- Day's Range:
- $51.48 - $52.70
- Previous Close:
- 52 Week Low / High:
- $39.48 - $63.56
- Percent Off 52 Week High:
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WLK Dividend Growth History
Last 5 Yrs
Last 3 Yrs
WLK Dividend History
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WLK Company Profile
Westlake Chemical Co.- (WLK)-manufactures and markets basic chemicals, vinyls, polymers, and fabricated products. It operates in two segments, Olefins and Vinyls. Westlake was founded in 1985 and is headquartered in Houston, Texas.
Westlake Chemical Co. News
Oct 1, 2013Wells Fargo analysts believe Westlake Chemical Corporation () is currently undervalued compared to its industry peers. As such, the analysts...
Westlake Chemical Raises Dividend 20% (WLK)Aug 26, 2013On Monday, chemical company Westlake Chemical Corporation (WLK) announced that it has increased its quarterly dividend by 20%. The company reported that its board has approved an increase to its quarterly dividend from $0.1875 to $0.225 per share, or 90 cents annualized. The dividend will be paid on September 25 to shareholders of record on September 10. The payout has an ex-dividend date of September 6. Westlake Chemical shares were mostly flat during premarket trading Monday. The stock is up 30% YTD. The Bottom Line Shares of Westlake Chemical Corporation (WLK) have a 0.87% yield, based on Friday's closing price of $102.90. Westlake Chemical Corporation (WLK) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.Expand to read the full story
Westlake Chemical Q2 Profit Rises 26%; EPS Tops Estimates, But Revenues Miss (WLK)Jul 30, 2013Before the opening bell on Tuesday, chemical products manufacturer Westlake Chemical Corporation (WLK) reported a 26% year-over-year increase in second quarter profits on a 3% growth in sales. Though earnings were able to beat estimates, the company's quarterly revenues came up short of expectations. The Houston, Texas-based company posted a second quarter net income of $145.8 million, or $2.17 per share, up from $115.5 million, or $1.72 per share, earned in the same period in 2012. According to analysts polled by Thomson Reuters, the company was expected to earn $1.94 per share in the quarter. The company's revenues advanced to $939.0 million in the quarter, up from $914.0 million last year. Analysts were expecting the company to see $947.99 million in revenues in the quarter. Albert Chao, CEO of Westlake Chemical, said, "We are pleased to report record quarterly earnings largely driven by lower cost natural-gas based ethylene production resulting from North American shale gas and oil production. In addition, our Vinyls segment continues to improve as the U.S. economy slowly recovers." Westlake Chemical shares were up 33 cents, or 0.33%, during morning trading on Tuesday. The stock is up 25.8% year-to-date. The Bottom Line Shares of Westlake Chemical (WLK) offer a dividend yield of 0.75% based on Tuesday's intraday trading price of $100.48 and the company's annualized dividend payout of 75 cents per share. Westlake Chemical Corporation (WLK) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.Expand to read the full story
Westlake Chemical Upgraded to "Outperform" at Cowen (WLK)Jun 24, 2013On Monday, Cowen reported that it has raised its rating on chemical company, Westlake Chemical Corporation (WLK) . The firm has upgraded Westlake Chemical from a "Market Perform" to an "Outperform," and has given the company a $112 price target. This price target suggests a 16% increase from the stock's current price of $93.88. Analysts have upgraded the stock to reflect higher expected ethylene margins. Westlake Chemical shares were down $1.20, or 1.28% during premarket trading Monday. The stock is up 18% YTD. The Bottom Line Shares of Westlake Chemical Corporation (WLK) have a 0.80% yield, based on Friday's closing price of $93.88. Westlake Chemical Corporation (WLK) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.Expand to read the full story
Aug 20, 2012The following companies announced a change in their dividend payouts today. Companies Increasing Dividend Payouts Westlake Chemical () has...
Goldman Sachs Upgrades Westlake Chemical to "Buy" (WLK)Jan 17, 2012Chemicals, vinyls, and polymers maker Westlake Chemical Corporation (WLK) on Tuesday caught a big upgrade from analysts at Goldman Sachs. The firm said it boosted its rating on WLK to "Buy" with a $67 price target, suggesting a 24% upside to the stock's Friday closing price of $53.87. Goldman noted the company stands to benefit from declining ethane prices. As of late, ethane prices have mimicked those of natural gas, which are near a 28-month low. Westlake Chemical shares were mostly flat in premarket trading Tuesday. The Bottom Line Shares of Westlake Chemical (WLK) have a .55% dividend yield, based on Friday's closing stock price of $53.87. The stock has technical support in the $46-$50 price area. If the shares can firm up, we see overhead resistance around the $55-$60 price levels. Westlake Chemical Corporation (WLK) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.Expand to read the full story
Aug 22, 2011The following companies announced a change in their dividend payouts today. Companies Increasing Dividend Payouts Westlake Chemical () has...
Aug 23, 2010The following companies announced a change in their dividend payouts today. Companies Increasing Dividend Payouts G&K Services Inc. ()...
Mar 30, 2010These were some of the biggest dividend stock performers on the upside and the downside in today's market action. Highlights Westlake Chemical...
Sep 30, 2009We are removing 30 dividend stocks from our "Best Dividend Stocks" list this morning. This adds up to about 17% of our list being removed. The...