Westlake Chemical Partners (WLKP) Expected to Announce 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 $0.36 per share and revenue of $1.08 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Westlake Chemical Partners Price Performance

Shares of NYSE:WLKP opened at $23.64 on Monday. The business’s 50 day simple moving average is $23.73 and its 200-day simple moving average is $23.04. The firm has a market capitalization of $833.07 million, a price-to-earnings ratio of 13.51 and a beta of 1.09. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.53 and a quick ratio of 4.46. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be paid a $0.4714 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.89 dividend on an annualized basis and a yield of 7.98%. This is a positive change from Westlake Chemical Partners’s previous quarterly dividend of $0.47. Westlake Chemical Partners’s dividend payout ratio is presently 108.00%.

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.