Westlake Chemical Keeps Dividend Steady

Specialty chemicals maker Westlake Chemical announced yesterday its second-quarter dividend of $0.1875 per share, the same rate it's paid for the past three quarters after raising the payout 154% from $0.738 per share.

The board of directors said the quarterly dividend is payable on June 19 to the holders of record at the close of business on June 4. Westlake declared a special dividend of $3.75 per share that was paid to investors last November.

The regular dividend payment equates to a $0.75-per-share annual dividend yielding 0.8% based on the closing price of Westlake Chemical's stock on May 17.

WLK Dividend data by YCharts. Chart reflects special dividend paid to investors on Nov. 27, 2012.

The article Westlake Chemical Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.