Westlake Corporation (WLK)
Westlake Corporation (WLK) is a global manufacturer and chemical company specializing in polyvinyl chloride (PVC) and other chemical products. Founded in 1986, the company operates throughout the Americas, providing materials used in construction, packaging, healthcare, and consumer goods. Westlake focuses on integrating its production processes to optimize efficiency and sustainability in its operations.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| September 4, 2025 | $0.53 | 2025-08-19 | 2025-08-19 |
| June 5, 2025 | $0.53 | 2025-05-20 | 2025-05-20 |
| March 19, 2025 | $0.53 | 2025-03-04 | 2025-03-04 |
| December 12, 2024 | $0.53 | 2024-11-26 | 2024-11-26 |
| September 5, 2024 | $0.53 | 2024-08-20 | 2024-08-20 |
Dividends Summary
- Westlake Corporation has issued 85 dividend payments over the past 21 years
- The most recent dividend was paid 16 days ago, on September 4, 2025
- The highest dividend payed out to investors during this period was $3.75 per share
- The average dividend paid during this period was $0.24 per share.
Company News
Westlake Chemical Partners reported Q2 2025 earnings that missed analyst expectations, with flat net income, reduced revenue, and lower operating cash flows due to a major maintenance turnaround at its ethylene production facility.
The global chloroethane market is expected to grow at a CAGR of 4-6% from 2025 to 2030, driven by demand for coatings, plastics, and gasoline additives. Key players include Westlake, Sumitomo Chemical, and Lanxess.
Several large-cap companies, including Block, Becton Dickinson, and Pilgrim's Pride, experienced significant losses last week due to factors such as worse-than-expected financial results and guidance cuts.
Westlake Chemical (WLK) reported Q2 2024 revenue of $3.21 billion, down 1.4% year-over-year, and EPS of $2.40, up from $2.31 in the prior-year quarter. The company's performance was mixed compared to analyst estimates, with revenue beating expectations but EPS surpassing the consensus estimate.
