Westlake Chemical Partners LP
WLKPBasic Materials · Stock · quarterly payer
$23.01
Add to PortfolioForward Yield
8.19%
Annual Dividend
$1.89
Payout Ratio
115%
5-Yr Growth
0.0%
Ex-Date
May 14, 2026
Frequency
Quarterly
WLKP Dividend Safety Score
81/ 100
Grade A
Very Safe
Dividend-growth streak10 consecutive years of growth
Cut historyNever cut its dividend on record
Earnings payout coverage115% of earnings paid out
Free-cash-flow coverage30% of free cash flow
Balance-sheet strengthDebt/equity of 0.50
Yield vs its historyYield in line with its history
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
Is WLKP a good dividend stock?
YesWestlake Chemical Partners LP (WLKP) pays a quarterly dividend yielding 8.19% ($1.89/yr), with 11 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
- 11 consecutive years of dividend growth
- Never cut its dividend on record
- Top-tier dividend safety score
Risks
- Elevated payout ratio (115%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 8.19%
- Payout Ratio
- 115%
- Annual Dividend
- $1.89
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- May 14, 2026
- Years of Growth
- 11
- Frequency
- quarterly
- Beta
- 0.50
- Market Cap
- $811.0M
- P/E Ratio
- 14.0
- 5-Yr Total Return
- -13%
- 52-Week Range
- $17.75 – $23.88
- Dividend Safety
- A · 81/100
- Ever Cut?
- No
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 14, 2026 | — | $0.4710 | regular |
| Feb 6, 2026 | — | $0.4710 | regular |
| Nov 10, 2025 | — | $0.4710 | regular |
| Aug 12, 2025 | — | $0.4710 | regular |
| May 13, 2025 | — | $0.4710 | regular |
| Feb 7, 2025 | — | $0.4710 | regular |
| Nov 12, 2024 | — | $0.4710 | regular |
| Aug 12, 2024 | — | $0.4710 | regular |
| May 10, 2024 | — | $0.4710 | regular |
| Feb 1, 2024 | — | $0.4710 | regular |
| Nov 9, 2023 | — | $0.4710 | regular |
| Aug 10, 2023 | — | $0.4710 | regular |
| May 11, 2023 | — | $0.4710 | regular |
| Feb 1, 2023 | — | $0.4710 | regular |
Income Calculator
At $1.89 / yr per share
Per payment (quarterly)$47.25
Annual$189.00
Monthly avg$15.75
