Wednesday Is Your Last Chance To Buy Westlake Chemical Before The Dividend Payout
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 trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on November 27, 2023.
November 06, 2023 | 2:45 pm
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Westlake Chemical's stock is expected to trade lower on Thursday due to the ex-dividend date. The dividend payout may attract investors, potentially increasing demand for the stock prior to the ex-dividend date.
The announcement of a dividend payout often attracts investors who are interested in receiving the dividend. This could increase demand for the stock prior to the ex-dividend date. However, the stock is expected to trade lower on the ex-dividend date to reflect the payout, which could offset any potential gains.
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