Westlake: Dividend Insights
Portfolio Pulse from Benzinga Insights
Westlake (NYSE:WLK) announced it will pay a quarterly dividend of 50 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 50 cents lower. Shareholders who own WLK as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on September 12, 2023.
August 21, 2023 | 2:45 pm
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Westlake's announcement of a 50 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 trades lower to reflect the payout. This is a normal part of the dividend process and does not reflect negatively on the company's performance. However, it can lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100