Westlake Chemical Corp. (WLK) Declares Quarterly Dividend of $0.25
Westlake Chemical Corp. (NYSE:WLK) declared a quarterly dividend on Tuesday, February 18th, AnalystRatings.NET reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.252 per share on Tuesday, March 18th. This represents a $1.01 dividend on an annualized basis and a yield of 0.78%.
WLK has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Westlake Chemical Corp. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 15th. They now have a $125.10 price target on the stock. On a related note, analysts at Susquehanna upgraded shares of Westlake Chemical Corp. from a “neutral” rating to a “positive” rating in a research note on Friday, December 27th. They now have a $145.00 price target on the stock, up previously from $118.00. Finally, analysts at Cowen and Company raised their price target on shares of Westlake Chemical Corp. from $112.00 to $135.00 in a research note on Friday, December 6th. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $126.22.
Westlake Chemical Corp. (NYSE:WLK) opened at 129.27 on Tuesday. Westlake Chemical Corp. has a one year low of $76.71 and a one year high of $129.47. The stock has a 50-day moving average of $121.2 and a 200-day moving average of $111.3. The company has a market cap of $8.631 billion and a price-to-earnings ratio of 16.24.
Westlake Chemical Corporation is a vertically integrated manufacturer and marketer of basic chemicals, vinyls, polymers and fabricated building products.
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