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Westlake Chemical Raises Dividend

Westlake Chemical (NYSE: WLK  ) is adding a few cents to its shareholder payout. The company has declared its latest quarterly dividend, which is to be $0.225 per share paid on Sept. 25 to shareholders of record as of Sept. 10.¬†That amount is $0.0375, or 20%, higher than Westlake Chemical's previous distribution of $0.1875 handed out in June.

The company is a consistent and reliable dividend payer. In the press release announcing the increase, it pointed out that the upcoming distribution will be its 36th quarterly payout in a row.

The new dividend annualizes to $0.90 per share. That yields 0.9% at Westlake Chemical's most recent closing stock price of $103.31.

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9/27/2016 10:07 AM
WLK $50.12 Up +0.53 +1.07%
Westlake Chemical CAPS Rating: ****