Dividend Coverage: Dec 16, 2016 will mean $0.19 dividends for Westlake Chemical Corporation (NYSE:WLK) shareholders.

Dividend Coverage: Dec 16, 2016 will mean $0.19 dividends for Westlake Chemical Corporation (NYSE:WLK) shareholders.

Westlake Chemical Corporation (NYSE:WLK) is expected to pay $0.19 on Dec 16, 2016. The indicated annual dividend is $0.76. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on Westlake Chemical Corporation’s current price of $55.57, the dividend is 0.34%. This dividend’s record date is Dec 1, 2016 and the announcement date is Nov 22, 2016. The stock increased 0.56% or $0.31 on November 25, hitting $55.57. Westlake Chemical Corporation (NYSE:WLK) has risen 9.35% since April 25, 2016 and is uptrending. It has outperformed by 3.33% the S&P500.

Westlake Chemical Corporation is a vertically integrated global maker and marketer of basic chemicals, vinyls, polymers and building products. The company has a market cap of $7.20 billion. The Company’s products include a range of chemicals, which are fundamental to various diverse consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, residential and commercial construction, as well as other durable and non-durable goods. It has a 17.77 P/E ratio. The Firm operates in two divisions: Olefins and Vinyls.

Insitutional Activity: The institutional sentiment increased to 0.75 in 2016 Q2. Its up 0.10, from 0.65 in 2016Q1. The ratio increased, as 59 funds sold all Westlake Chemical Corporation shares owned while 89 reduced positions. 36 funds bought stakes while 60 increased positions. They now own 35.76 million shares or 12.15% less from 40.71 million shares in 2016Q1.
First Ny Lc Ny has 0% invested in the company for 40 shares. Blackrock Institutional Trust Communications Na holds 0.01% or 1.12 million shares in its portfolio. Prudential Financial Inc accumulated 0.13% or 1.74 million shares. Lsv Asset Management has 0% invested in the company for 19,900 shares. Wedge Mgmt L Ltd Partnership Nc reported 61,000 shares or 0.01% of all its holdings. The Australia-based Amp Capital Ltd has invested 0.03% in Westlake Chemical Corporation (NYSE:WLK). Peak6 Invs L P has invested 0% of its portfolio in Westlake Chemical Corporation (NYSE:WLK). Usa Finance Portformulas Corporation holds 0.33% of its portfolio in Westlake Chemical Corporation (NYSE:WLK) for 28,163 shares. The New York-based Laurion Management Lp has invested 0% in Westlake Chemical Corporation (NYSE:WLK). Parallax Volatility Advisers Lp has 0% invested in the company for 7,942 shares. California State Teachers Retirement has invested 0.01% of its portfolio in Westlake Chemical Corporation (NYSE:WLK). Moreover, Price Michael F has 1.32% invested in Westlake Chemical Corporation (NYSE:WLK) for 231,700 shares. Principal Fincl Grp Inc accumulated 189,427 shares or 0.01% of the stock. Bokf Na owns 29,083 shares or 0.04% of their US portfolio. Schroder Invest has invested 0.02% of its portfolio in Westlake Chemical Corporation (NYSE:WLK).

Insider Transactions: Since August 23, 2016, the stock had 0 insider buys, and 8 insider sales for $7.32 million net activity. Chao Albert sold $1.08 million worth of stock. $1.60M worth of Westlake Chemical Corporation (NYSE:WLK) shares were sold by Mangieri George J. 2,880 shares with value of $156,737 were sold by Buesinger Robert F. on Thursday, November 10. 20,000 shares with value of $1.06M were sold by Chao James on Monday, November 14. Mattina Michael J. sold $982,776 worth of Westlake Chemical Corporation (NYSE:WLK) on Tuesday, November 15.

Westlake Chemical Corporation (NYSE:WLK) Ratings Coverage

Out of 9 analysts covering Westlake Chemical (NYSE:WLK), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. Westlake Chemical has been the topic of 19 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Wednesday, August 5 by RBC Capital Markets. Cowen & Co maintained the shares of WLK in a report on Friday, January 8 with “Outperform” rating. The stock has “Neutral” rating given by Nomura on Friday, July 24. The firm has “Outperform” rating by Cowen & Co given on Monday, June 13. The stock of Westlake Chemical Corporation (NYSE:WLK) earned “Overweight” rating by JP Morgan on Tuesday, August 16. The firm has “Overweight” rating given on Monday, May 16 by JP Morgan. As per Friday, October 14, the company rating was initiated by Tudor Pickering. The stock of Westlake Chemical Corporation (NYSE:WLK) earned “Outperform” rating by RBC Capital Markets on Tuesday, August 23. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, November 5. RBC Capital Markets maintained the shares of WLK in a report on Monday, June 13 with “Sector Perform” rating.

More notable recent Westlake Chemical Corporation (NYSE:WLK) news were published by: Prnewswire.com which released: “Westlake Chemical to Acquire Axiall Corporation for $33.00 Per Share in All …” on June 10, 2016, also Businesswire.com with their article: “Westlake Chemical Corporation Announces Quarterly Dividend” published on November 21, 2016, Bizjournals.com published: “Westlake Chemical sets closing date for Axiall acquisition” on August 18, 2016. More interesting news about Westlake Chemical Corporation (NYSE:WLK) were released by: Prnewswire.com and their article: “Westlake Chemical Issues Open Letter to Axiall Corporation Shareholders” published on March 07, 2016 as well as Businesswire.com‘s news article titled: “Westlake Chemical Corporation Announces Second Quarter 2016 Earnings” with publication date: July 28, 2016.

WLK Company Profile

Westlake Chemical Corporation, incorporated on September 3, 1991, is a vertically integrated global maker and marketer of basic chemicals, vinyls, polymers and building products. The Company’s products include a range of chemicals, which are fundamental to various diverse consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, residential and commercial construction, as well as other durable and non-durable goods. The Firm operates in two divisions: Olefins and Vinyls. The Firm is also an integrated producer of vinyls with substantial downstream integration into polyvinyl chloride (PVC) building products.

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