Westlake Chemical: Dividend Insights
Portfolio Pulse from Benzinga Insights
Westlake Chemical (NYSE:WLKP) has announced a quarterly dividend of 47.14 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 47.14 cents lower. Shareholders who own WLKP as of the end of Wednesday's session will receive the dividend payout on August 25, 2023.
August 07, 2023 | 2:45 pm
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Westlake Chemical's announcement of a 47.14 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a stock goes ex-dividend, it typically opens lower on the ex-dividend date to reflect the payout. This is a standard part of the dividend process and does not reflect negatively on the company's performance. Long-term investors who reinvest dividends may see this as an opportunity to accumulate more shares.
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