Westlake Chemical Partners (WLKP) Expected to Post Quarterly Earnings on Tuesday

Westlake Chemical Partners (NYSE:WLKP) is expected to issue its quarterly earnings data before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.37 per share and revenue of $1.08 billion for the quarter.

Westlake Chemical Partners Price Performance

WLKP stock opened at $23.70 on Tuesday. The company has a market cap of $834.99 million, a price-to-earnings ratio of 13.54 and a beta of 1.09. The company has a current ratio of 4.53, a quick ratio of 4.46 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $23.76 and a 200-day moving average of $23.02. Westlake Chemical Partners has a 12-month low of $21.19 and a 12-month high of $24.98.

Westlake Chemical Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a dividend of $0.4714 per share. The ex-dividend date is Friday, February 7th. This is a boost from Westlake Chemical Partners’s previous quarterly dividend of $0.47. This represents a $1.89 annualized dividend and a yield of 7.96%. Westlake Chemical Partners’s payout ratio is currently 107.43%.

About Westlake Chemical Partners

Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. The company’s ethylene production facilities primarily convert ethane into ethylene. It also sells ethylene co-products, such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on either a spot or contract basis.