Westlake Chemical Corporation (WLK) will raise its quartery dividend by 10 percent to $0.1815 per share in 2015. Last year WLK hiked its quarterly dividend twice for a total increase of 46.7 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. The company has paid a dividend every year since completing its initial public offering in August 2004.