Westlake Chemical Partners LP(WLKP) Declares Dividend of $0.3450.

Westlake Chemical Partners LP (WLKP) had declared a cash dividend of $0.3450 on Jan 27, 2017. The shares will quote ex-dividend on Feb 3, 2017 and the record date has been fixed for Feb 7, 2017. Based on Feb 3, 2017 share price, the yield comes out to be 5.62%. The dividend payable date has been fixed on Feb 22, 2017.

Westlake Chemical Partners LP (WLKP) shares turned negative on Tuesdays trading session with the shares closing down -0.2 points or -0.80% at a volume of 44,801. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.9. The peak price level was also seen at $24.9 while the days lowest was $24.65. Finally the shares closed at $24.7. The 52-week high of the shares is $26.25 while the 52-week low is $16. According to the latest information available, the market cap of the company is $668 M.

Westlake Chemical Partners LP(WLKP) last announced its earnings results on Nov 8, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $229.35M. Analysts had an estimated revenue of $299.18M. Earnings per share were $0.32. The reported EPS was above estimates by $0.07 or NaN%. Analysts had estimated an EPS of $0.39.

Several Insider Transactions has been reported to the SEC. On Dec 2, 2016, Angela A Minas (director) purchased 5,000 shares at $21.00 per share price.

Westlake Chemical Partners LP is a limited partnership formed by Westlake Chemical Corporation (Westlake). The Company operates acquires and develops ethylene production facilities and other assets. The Company’s business and operations are conducted through Westlake Chemical OpCo LP (OpCo) which sells ethylene to Westlake and others as well as sells co-products of ethylene production including propylene crude butadiene pyrolysis gasoline and hydrogen. OpCo’s assets include three ethylene production facilities which primarily convert ethane into ethylene. Its assets include Lake Charles Louisiana (Petro 1) Lake Charles Louisiana (Petro 2) and Calvert City Kentucky (Calvert City Olefins). Petro 1 and Petro 2 are collectively known as Lake Charles Olefins and are located at Westlake’s Lake Charles site. Calvert City Olefins is located at Westlake’s Calvert City site. OpCo also owns a 200-mile 10-inch diameter ethylene pipeline system.

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