Is Westlake Chemical Partners LP a good dividend stock?

Westlake Chemical Partners LP (WLKP) is a dividend-paying stock with a current dividend yield of 8.37%. Review its dividend history, payout consistency and growth to judge whether it fits your income strategy.

What is WLKP's dividend yield?

The dividend yield for WLKP stock is currently 8.37%.

How much does WLKP pay in dividends per year?

Westlake Chemical Partners LP pays an annual dividend of $1.8856 per share over the trailing twelve months.

How often does WLKP pay dividends?

WLKP stock pays dividends quarterly.

Is WLKP's dividend growing?

Westlake Chemical Partners LP's 3-year dividend CAGR is 0.02%.

WLKP Stock Price, Chart, Stats & News

Westlake Chemical Partners LP

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Overview Dividend safety Dividends Fundamentals

Westlake Chemical Partners LP (WLKP) is a dividend-paying stock with a current dividend yield of 8.37% as of Jun 29, 2026. It pays $1.89 per share over the trailing twelve months and distributes quarterly. Its dividend has grown at a 0.00% 5-year compound annual rate.

794.09M

Market cap

13.74x

Current P/E

11.43x

Forward P/E

8.37%

Dividend yield

$1.89

WLKP dividend

Dividend safety

At-risk

WLKP pays out about 115% of earnings, leaving little safety margin.

See the safety analysis

WLKP chart

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Fundamentals

Gross margin	29.81%
Operating margin	27.39%
Pretax margin	25.64%
Net margin	10.15%
Effective tax rate	0.18%
ROA	9.42%
ROE	23.49%
D/E	0.80x
Interest coverage ratio	6.98x

All financials

WLKP valuation

P/E	13.74x
P/S	0.66x
P/B	1.53x
P/CF	2.73x
P/FCF	3.79x
P/OCF	2.73x
PEG	0.05x
EV multiple	1.04x

About

Westlake Chemical Partners LP concentrates on acquiring, developing, and operating facilities dedicated to ethylene production, along with related infrastructure, throughout the United States. These plants primarily function by converting ethane into ethylene. Furthermore, the partnership distributes a range of chemical co-products—such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen—directly to external buyers, conducting these sales through either immediate spot transactions or established contractual agreements.