Westlake Chemical Partners LP
WLKPBasic Materials · Chemicals · Stock · quarterly payer
Forward Yield
8.92%
Annual Dividend
$1.89
Payout Ratio
115%
5-Yr Growth
0.0%
Ex-Date
Aug 13, 2026
Frequency
Quarterly
Key facts about WLKP's dividend
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Westlake Chemical Partners LP (WLKP) has a forward dividend yield of 8.92%, based on an annual dividend of $1.89 per share and a share price of $21.13.
- As of Oct 27, 2026, WLKP's dividend safety grade from SmarterDividends is A (81 out of 100), which rates the dividend as very safe.
- WLKP has never cut its regular dividend in the payment history SmarterDividends has on record.
- WLKP's most recent ex-dividend date was Aug 13, 2026, for a dividend of $0.47 per share.
- As of Oct 27, 2026, WLKP pays out 115% of its trailing 12-month earnings as dividends (its payout ratio).
- WLKP's dividend has been roughly flat over the past five years.
- As of Oct 27, 2026, WLKP's 8.92% yield is 11% above its five-year average yield of 8.06%.
- As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for WLKP is $49.06 per share, 132% above the $21.13 share price, so WLKP screens as undervalued.
- Westlake Chemical Partners LP (WLKP) pays its dividend quarterly, 4 times a year.
- Westlake Chemical Partners LP (WLKP) has raised its regular dividend 21 times and cut it 0 times across the 48 payments on record since 2014. Its most recent change was a 1.3% increase to $0.471 per share, going ex-dividend on Jan 31, 2020.
Cite this page
SmarterDividends, "WLKP Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/WLKP
Summary
As of Oct 27, 2026, Westlake Chemical Partners LP (WLKP) yields 8.92% ($1.89 a year per share) and has a dividend safety grade of A (81/100).
Is WLKP a good dividend stock?
YesWestlake Chemical Partners LP (WLKP) pays a quarterly dividend yielding 8.92% ($1.89/yr), with 0 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
- 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
- 8.92%
- Payout Ratio
- 115%
- Annual Dividend
- $1.89
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- Aug 13, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.49
- Market Cap
- $744.7M
- P/E Ratio
- 12.9
- 5-Yr Total Return
- -9%
- 52-Week Range
- $17.75 – $23.88
- Dividend Safety
- A · 81/100
- Ever Cut?
- No
WLKP dividend raises and cuts
Westlake Chemical Partners LP (WLKP) has raised its regular dividend 21 times and cut it 0 times across the 48 payments on record since 2014. Its most recent change was a 1.3% increase to $0.471 per share, going ex-dividend on Jan 31, 2020.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jan 31, 2020 | Raise | $0.465 → $0.471 | +1.3% |
| Nov 8, 2019 | Raise | $0.458 → $0.465 | +1.5% |
| Aug 9, 2019 | Raise | $0.445 → $0.458 | +2.9% |
| May 10, 2019 | Raise | $0.433 → $0.445 | +2.8% |
| Feb 4, 2019 | Raise | $0.421 → $0.433 | +2.9% |
| Nov 8, 2018 | Raise | $0.409 → $0.421 | +2.9% |
| Aug 9, 2018 | Raise | $0.398 → $0.409 | +2.8% |
| May 9, 2018 | Raise | $0.386 → $0.398 | +3.1% |
| Feb 7, 2018 | Raise | $0.376 → $0.386 | +2.7% |
| Nov 13, 2017 | Raise | $0.365 → $0.376 | +3.0% |
| Aug 11, 2017 | Raise | $0.355 → $0.365 | +2.8% |
| May 11, 2017 | Raise | $0.345 → $0.355 | +2.9% |
Show all 21 changes since 2015
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 3, 2017 | Raise | $0.335 → $0.345 | +3.0% |
| Nov 9, 2016 | Raise | $0.326 → $0.335 | +2.8% |
| Aug 5, 2016 | Raise | $0.317 → $0.326 | +2.8% |
| May 6, 2016 | Raise | $0.308 → $0.317 | +2.9% |
| Feb 9, 2016 | Raise | $0.299 → $0.308 | +3.0% |
| Nov 5, 2015 | Raise | $0.291 → $0.299 | +2.7% |
| Aug 11, 2015 | Raise | $0.283 → $0.291 | +2.8% |
| May 8, 2015 | Raise | $0.275 → $0.283 | +2.9% |
| Feb 5, 2015 | Raise | $0.170 → $0.275 | +61.8% |
Frequently Asked Questions
Is WLKP a good dividend stock?
Yes. Westlake Chemical Partners LP (WLKP) pays a quarterly dividend yielding 8.92% ($1.89/yr), with 0 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 WLKP undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, WLKP's fair value is about $49.06 versus a $21.13 share price — so it looks undervalued (+132% vs. fair value).
Is WLKP's dividend safe?
WLKP has a dividend-safety grade of A (81/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is WLKP's fair value?
Our blended fair-value estimate for WLKP is about $49.06 per share, roughly 132% above the current $21.13 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is WLKP a buy, hold, or sell?
We don't issue formal ratings, but on the data WLKP screens as "yes" and undervalued. Westlake Chemical Partners LP (WLKP) pays a quarterly dividend yielding 8.92% ($1.89/yr), with 0 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 WLKP cut its dividend?
WLKP earns a dividend-safety grade of A (81/100), 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 WLKP pay a dividend?
Yes. Westlake Chemical Partners LP pays a quarterly dividend of about $1.89 per share annually, a forward yield of roughly 8.92%.
What is WLKP's dividend yield?
As of Oct 27, 2026, WLKP's forward dividend yield is 8.92%, based on a $1.89 annual dividend and a $21.13 share price.
What is WLKP's dividend per share?
As of Oct 27, 2026, WLKP pays $1.89 per share per year, distributed on a quarterly basis.
What is WLKP's dividend payout ratio?
As of Oct 27, 2026, WLKP's payout ratio is 115% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has WLKP grown its dividend?
WLKP does not currently have a long dividend-growth streak on record.
When is the next WLKP ex-dividend date?
As of Oct 27, 2026, WLKP's next ex-dividend date hasn't been announced. The most recent was Aug 13, 2026, for $0.47 per share.
WLKP Price — Last 12 Months
Daily close
Price Return
1 Year
+12%
3 Years
-7%
5 Years
-9%
52-Week Range
$17.75 – $23.88
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is WLKP worth?
Undervaluedlow confidenceOur blended fair-value estimate for Westlake Chemical Partners LP is $49.06 per share, versus a market price of $21.13. That implies 132% of upside — a margin of safety of about 57%.
Fair Value
$49.06
Current Price
$21.13
Upside
+132%
Margin of Safety
57%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% 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, $1.64 EPS, $1.89 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
WLKP 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 WLKP dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 13, 2026 | Aug 28, 2026 | $0.4710 | regular |
| May 14, 2026 | Jun 1, 2026 | $0.4710 | regular |
| Feb 6, 2026 | Feb 23, 2026 | $0.4710 | regular |
| Nov 10, 2025 | Nov 26, 2025 | $0.4710 | regular |
| Aug 12, 2025 | Aug 27, 2025 | $0.4710 | regular |
| May 13, 2025 | May 29, 2025 | $0.4710 | regular |
| Feb 7, 2025 | Feb 25, 2025 | $0.4710 | regular |
| Nov 12, 2024 | Nov 27, 2024 | $0.4710 | regular |
| Aug 12, 2024 | Aug 27, 2024 | $0.4710 | regular |
| May 10, 2024 | May 29, 2024 | $0.4710 | regular |
| Feb 1, 2024 | Feb 20, 2024 | $0.4710 | regular |
| Nov 9, 2023 | Nov 27, 2023 | $0.4710 | regular |
| Aug 10, 2023 | Aug 25, 2023 | $0.4710 | regular |
| May 11, 2023 | May 26, 2023 | $0.4710 | regular |
Income Calculator
At $1.89 / yr per share
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