Westlake Announces 40% Increase In Quarterly Dividend From $0.3570 To $0.50 Per Share
Portfolio Pulse from Benzinga Newsdesk
Westlake has announced a 40% increase in its quarterly dividend from $0.3570 to $0.50 per share, payable on September 12, 2023, to stockholders of record on August 25, 2023.
August 14, 2023 | 10:31 am
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Westlake's 40% increase in its quarterly dividend could make the stock more attractive to income-focused investors, potentially driving up the stock price in the short term.
Dividend increases are generally seen as a positive signal by the market, indicating a company's strong financial health and confidence in its future earnings. This could attract more investors, particularly those focused on income, which could drive up demand for the stock and, consequently, its price.
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