Westlake's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Westlake (NYSE:WLK) announced a quarterly dividend of 50 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning WLK by the end of Monday are eligible for the dividend, payable on March 14, 2024. The stock is expected to open 50 cents lower on the ex-dividend date.
February 22, 2024 | 2:45 pm
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Westlake announces a quarterly dividend of 50 cents per share, with an ex-dividend date this Tuesday. The stock is expected to open 50 cents lower due to the dividend payout.
The announcement of a 50 cents per share dividend by Westlake and the subsequent ex-dividend date typically leads to a short-term decrease in stock price to reflect the dividend payout. This is a common market reaction as the stock price adjusts for the dividend payment, making it likely that WLK's stock will experience a short-term drop.
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