Westlake Corporation
WLK21 yrs growthBasic Materials · Specialty Chemicals · Stock · quarterly payer
Forward Yield
3.26%
Annual Dividend
$2.13
Payout Ratio
70%
5-Yr Growth
14.6%
Ex-Date
Aug 25, 2026
Frequency
Quarterly
Key facts about WLK's dividend
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Westlake Corporation (WLK) has a forward dividend yield of 3.26%, based on an annual dividend of $2.13 per share and a share price of $65.31.
- As of Oct 27, 2026, WLK's dividend safety grade from SmarterDividends is A (82 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Westlake Corporation (WLK) has raised its dividend for 21 consecutive years as of Oct 27, 2026.
- WLK has never cut its regular dividend in the payment history SmarterDividends has on record.
- WLK's most recent ex-dividend date was Aug 25, 2026, for a dividend of $0.53 per share.
- As of Oct 27, 2026, WLK pays out 70% of its trailing 12-month earnings as dividends (its payout ratio).
- WLK's dividend has grown at an average rate of 14.6% a year over the past five years.
- As of Oct 27, 2026, WLK's 3.26% yield is 109% above its five-year average yield of 1.56%.
- As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for WLK is $61.12 per share, 6% below the $65.31 share price, so WLK screens as fairly valued.
- Westlake Corporation (WLK) pays its dividend quarterly, 4 times a year.
- Westlake Corporation (WLK) has raised its regular dividend 24 times and cut it 0 times across the 88 payments on record since 2004. Its most recent change was a 0.6% increase to $0.533 per share, going ex-dividend on Aug 25, 2026.
- Westlake (WLK) has declared its first higher dividend of the year in August in 5 of the last 5 years; its most recent raise, 0.6%, was declared on Aug 14, 2026.
Cite this page
SmarterDividends, "WLK Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/WLK
Summary
As of Oct 27, 2026, Westlake Corporation (WLK) yields 3.26% ($2.13 a year per share), has a dividend safety grade of A (82/100) and has 21 consecutive years of dividend increases on record.
Is WLK a good dividend stock?
YesWestlake Corporation (WLK) pays a quarterly dividend yielding 3.26% ($2.13/yr), with 21 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 21 consecutive years of dividend growth
- Never cut its dividend on record
- Strong 14.6% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.26%
- Payout Ratio
- 70%
- Annual Dividend
- $2.13
- 5-Yr Avg Growth
- 14.6%
- Ex-Dividend Date
- Aug 25, 2026
- Years of Growth
- 21
- Frequency
- quarterly
- Beta
- 0.69
- Market Cap
- $8.3B
- P/E Ratio
- —
- 5-Yr Total Return
- -31%
- 52-Week Range
- $56.33 – $124.23
- Dividend Safety
- A · 82/100
- Ever Cut?
- No
WLK dividend raises and cuts
Westlake Corporation (WLK) has raised its regular dividend 24 times and cut it 0 times across the 88 payments on record since 2004. Its most recent change was a 0.6% increase to $0.533 per share, going ex-dividend on Aug 25, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Aug 25, 2026 | Raise | $0.530 → $0.533 | +0.6% |
| Aug 19, 2025 | Raise | $0.525 → $0.530 | +1.0% |
| Aug 20, 2024 | Raise | $0.500 → $0.525 | +5.0% |
| Aug 24, 2023 | Raise | $0.357 → $0.500 | +40.1% |
| Aug 19, 2022 | Raise | $0.298 → $0.357 | +19.8% |
| Aug 23, 2021 | Raise | $0.270 → $0.298 | +10.4% |
| Aug 24, 2020 | Raise | $0.263 → $0.270 | +2.7% |
| Aug 26, 2019 | Raise | $0.250 → $0.263 | +5.2% |
| Aug 27, 2018 | Raise | $0.210 → $0.250 | +19.0% |
| Aug 30, 2017 | Raise | $0.191 → $0.210 | +9.9% |
| Aug 31, 2016 | Raise | $0.182 → $0.191 | +4.9% |
| Sep 2, 2015 | Raise | $0.165 → $0.182 | +10.3% |
Show all 24 changes since 2005
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Sep 3, 2014 | Raise | $0.126 → $0.165 | +31.0% |
| Feb 26, 2014 | Raise | $0.113 → $0.126 | +12.0% |
| Sep 6, 2013 | Raise | $0.0940 → $0.113 | +19.7% |
| Aug 28, 2012 | Raise | $0.0370 → $0.0940 | +154.1% |
| Aug 31, 2011 | Raise | $0.0320 → $0.0370 | +15.6% |
| Aug 30, 2010 | Raise | $0.0290 → $0.0320 | +10.3% |
| Aug 31, 2009 | Raise | $0.0265 → $0.0290 | +9.4% |
| Aug 26, 2008 | Raise | $0.0250 → $0.0265 | +6.0% |
| Aug 28, 2007 | Raise | $0.0200 → $0.0250 | +25.0% |
| Aug 28, 2006 | Raise | $0.0140 → $0.0200 | +42.9% |
| Aug 26, 2005 | Raise | $0.0105 → $0.0140 | +33.3% |
| Mar 1, 2005 | Raise | $0.0100 → $0.0105 | +5.0% |
Frequently Asked Questions
Is WLK a good dividend stock?
Yes. Westlake Corporation (WLK) pays a quarterly dividend yielding 3.26% ($2.13/yr), with 21 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is WLK undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, WLK's fair value is about $61.12 versus a $65.31 share price — so it looks fairly valued (-6% vs. fair value).
Is WLK's dividend safe?
WLK has a dividend-safety grade of A (82/100), based on its payout coverage, free-cash-flow, 21-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is WLK's fair value?
Our blended fair-value estimate for WLK is about $61.12 per share, about 6% below the current $65.31 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is WLK a buy, hold, or sell?
We don't issue formal ratings, but on the data WLK screens as "yes" and fairly valued. Westlake Corporation (WLK) pays a quarterly dividend yielding 3.26% ($2.13/yr), with 21 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will WLK cut its dividend?
WLK earns a dividend-safety grade of A (82/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does WLK pay a dividend?
Yes. Westlake Corporation pays a quarterly dividend of about $2.13 per share annually, a forward yield of roughly 3.26%.
What is WLK's dividend yield?
As of Oct 27, 2026, WLK's forward dividend yield is 3.26%, based on a $2.13 annual dividend and a $65.31 share price.
What is WLK's dividend per share?
As of Oct 27, 2026, WLK pays $2.13 per share per year, distributed on a quarterly basis.
What is WLK's dividend payout ratio?
As of Oct 27, 2026, WLK's payout ratio is 70% of trailing 12-month earnings — a moderate level that's generally sustainable.
How many years has WLK grown its dividend?
As of Oct 27, 2026, WLK has increased its dividend for 21 consecutive years.
When is the next WLK ex-dividend date?
As of Oct 27, 2026, WLK's next ex-dividend date hasn't been announced. The most recent was Aug 25, 2026, for $0.53 per share.
WLK Price — Last 12 Months
Daily close
Price Return
1 Year
-3%
3 Years
-50%
5 Years
-31%
52-Week Range
$56.33 – $124.23
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is WLK worth?
Fairly valuedlow confidenceOur blended fair-value estimate for Westlake Corporation is $61.12 per share, versus a market price of $65.31. That implies the stock is roughly fairly priced.
Fair Value
$61.12
Current Price
$65.31
Gap
-6%
Margin of Safety
-7%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -9.0% annual free-cash-flow growth. We model 12.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.0% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, -$9.58 EPS, $2.13 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
WLK Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full WLK dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 25, 2026 | Sep 10, 2026 | $0.5330 | regular |
| May 27, 2026 | Jun 11, 2026 | $0.5300 | regular |
| Mar 3, 2026 | Mar 18, 2026 | $0.5300 | regular |
| Nov 25, 2025 | Dec 11, 2025 | $0.5300 | regular |
| Aug 19, 2025 | Sep 4, 2025 | $0.5300 | regular |
| May 20, 2025 | Jun 5, 2025 | $0.5250 | regular |
| Mar 4, 2025 | Mar 19, 2025 | $0.5250 | regular |
| Nov 26, 2024 | Dec 12, 2024 | $0.5250 | regular |
| Aug 20, 2024 | Sep 5, 2024 | $0.5250 | regular |
| May 20, 2024 | Jun 6, 2024 | $0.5000 | regular |
| Feb 27, 2024 | Mar 14, 2024 | $0.5000 | regular |
| Nov 20, 2023 | Dec 6, 2023 | $0.5000 | regular |
| Aug 24, 2023 | Sep 12, 2023 | $0.5000 | regular |
| May 22, 2023 | Jun 8, 2023 | $0.3570 | regular |
Income Calculator
At $2.13 / yr per share
Similar Dividend Stocks
Compare WLK
Explore more
Lists and tools related to WLK
- Companies that raise dividends in August →
- Stocks that pay dividends in December →
- Safest dividend stocks →
- Basic Materials dividend stocks →
- WLK dividend calculator →
- WLK DRIP calculator →
- WLK: last day to buy for the dividend →
- Embed WLK dividend data on your site →
- Dividend increases & cuts this week →
- Dividend calendar →
- Dividend calculator →
- Dividend income calculator →
- DRIP calculator →
- Latest dividend cuts →
- Dividend cuts this month (research note) →
- Dividend increases this month (research note) →
- Safety score track record →
- Dividend screener →
- Dividend history lookup →
- Guide: what is a good dividend yield? →
- Guide: how to value a dividend stock →