Westlake Chemical Corporation (WLK) will raise its quarterly dividend by another 31 percent to $0.165 per share. It's the 40th quarterly dividend for Westlake Chemical since the company's 2004 IPO. Earlier this year WLK already hiked its dividend by 12.0 percent.
Westlake Chemical Corporation is an international manufacturer and supplier of petrochemicals, polymers and building products with headquarters in Houston, Texas. The company's range of products includes: ethylene, polyethylene, styrene, propylene, chlor-alkali and derivative products, PVC suspension and specialty resins, PVC Compounds, and PVC building products including siding, pipe, fittings and specialty components, windows, fence, deck and film.