Overcoming Challenges and Adapting: Westlake Chemical Navigates to Reward InvestorsDriving Profitability and Investor Rewards: Westlake Chemical Delivers Strong Performance and Growing Profits
Portfolio Pulse from Benzinga Insights
Westlake Chemical (NYSE:WLKP) is distributing a dividend of $0.47 per share with an annualized yield of 8.79%. The ex-dividend date was November 09, 2023, and the dividend is payable on November 27, 2023. The company has shown a positive trend in dividend per share growth from $1.80 in 2019 to $1.89 in 2022, and earnings per share growth from $1.64 in 2019 to $2.19 in 2022. This suggests a strong financial health and potential for future dividend increases. Kronos Worldwide (NYSE:KRO) has a slightly higher annualized dividend yield at 8.93%.
November 27, 2023 | 3:05 pm
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POSITIVE IMPACT
Westlake Chemical has declared a dividend of $0.47 per share, showing a positive trend in dividend and earnings growth, indicating financial stability and potential for future increases.
The announcement of a consistent dividend payout and the historical increase in dividends and earnings per share suggest that Westlake Chemical is in a strong financial position. This is likely to be viewed positively by investors, especially those seeking income, and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Kronos Worldwide has a slightly higher annualized dividend yield than Westlake Chemical at 8.93%, which may attract dividend investors.
While Kronos Worldwide is mentioned as having a higher dividend yield than Westlake Chemical, there is no specific news about Kronos that would directly impact its stock price in the short term. However, the comparison could make KRO more noticeable to investors looking for high dividend yields.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50