This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Westlake Chemical Declares Quarterly Dividend Of 18.75 Cents Per Share And Special Dividend Of $3.75 Per Share









HOUSTON, Nov. 19, 2012 /PRNewswire/ -- The board of directors of Westlake Chemical Corporation (NYSE: WLK) declared on Friday a regular quarterly dividend of 18.75 cents per share.  The board also declared a special dividend of $3.75 per share.  Both dividends will be payable on December 12, 2012, to stockholders of record on November 26, 2012.  

The regular quarterly dividend and the special dividend will entail the payment of approximately $12.5 million and $250 million, respectively.  The funds will be provided from cash on hand.

This is the 33 rd successive quarterly dividend that Westlake has declared since completing its initial public offering in August 2004.

Albert Chao, Westlake's President and Chief Executive Officer, said, "We continually work toward delivering shareholder value and we are pleased that the strength of our business and our financial performance provides the opportunity to pay this special dividend.  Beginning in the first quarter of 2013 and continuing through 2015, we will complete our previously announced integration projects that will contribute to our earnings and continue our commitment of profitable growth for our shareholders."



Westlake Chemical Corporation is a 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, caustic, VCM, PVC and PVC pipe, windows and fence.  For more information, visit the company's Web site at www.westlake.com.

The statements in this release relating to the completion of Westlake's projects and to its future operations and financial condition and results, as well as any other matters that are not historical facts, are forward-looking statements that are subject to risks and uncertainties. Actual results could differ materially. For more detailed information about factors that could cause actual results to differ materially, please refer to Westlake's Annual Report on Form 10-K for the year ended December 31, 2011, which was filed in February 2012.

SOURCE Westlake Chemical Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs