BHPLF vs WLKP: Which Is the Better Dividend Stock?
As of Oct 27, 2026, WLKP (Westlake Chemical Partners LP) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. WLKP offers the higher yield at 8.92%, WLKP has the higher dividend-safety score, and WLKP looks like the better value (its fair-value estimate is 132% above its share price).
Key facts: BHPLF vs WLKP
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Westlake Chemical Partners LP (WLKP) has the higher forward dividend yield at 8.92%, versus 4.70% for BHP Group Limited (BHPLF).
- As of Oct 27, 2026, SmarterDividends grades BHPLF's dividend safety C (52/100) and WLKP's A (81/100).
- As of Oct 27, 2026, BHPLF pays out 69% of its earnings as dividends and WLKP pays out 115%.
- As of Oct 27, 2026, BHPLF's fair-value estimate is 15% below its share price and WLKP's fair-value estimate is 132% above its share price, so WLKP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "BHPLF vs WLKP: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/bhplf-vs-wlkp
| Metric | BHPLF | WLKP |
|---|---|---|
| Forward yield | 4.70% | 8.92% |
| Annual dividend | $1.72 | $1.89 |
| Payout ratio | 69% | 115% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | -3.7% | 0.0% |
| 5-yr total return | 32% | -9% |
| Dividend safety score | 52 (C) | 81 (A) |
| Fair value estimate | $31.07 | $49.06 |
| Upside to fair value | -15% | +132% |
| Frequency | semiannual | quarterly |
| Market cap | $186.1B | $744.7M |
| P/E ratio | 19.0 | 12.9 |
Higher yield
WLKP
8.92%
Safer dividend
WLKP
Grade A
Faster growth
WLKP
0.0%
Better value
WLKP
+132% upside
BHPLF vs WLKP — FAQ
Is BHPLF or WLKP a better dividend stock?
On the data, WLKP wins more head-to-head categories (5 vs 2). WLKP offers the higher yield (8.92%), while WLKP has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, BHPLF or WLKP?
WLKP has the higher forward dividend yield at 8.92%, versus 4.70% for BHPLF.
Is BHPLF or WLKP safer?
WLKP has the higher dividend-safety score (81/100 vs 52/100), reflecting stronger payout coverage and dividend-growth history.
Is BHPLF or WLKP better value right now?
As of Oct 27, 2026, WLKP looks like the better value: its fair-value estimate is 132% above its share price (undervalued). For BHPLF, its fair-value estimate is 15% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.