Westlake Chemical Stock To Go Ex-dividend Monday (WLK)

NEW YORK ( TheStreet) -- The ex-dividend date for Westlake Chemical Corporation (NYSE: WLK) is Monday, March 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $60.01 as of 9:30 a.m. ET, the dividend yield is 0.5%.

The average volume for Westlake Chemical has been 436,700 shares per day over the past 30 days. Westlake Chemical has a market cap of $3.81 billion and is part of the basic materials sector and chemicals industry. Shares are up 49.2% year to date as of the close of trading on Thursday.

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated polyvinyl chloride (PVC) building products. It operates in two segments, Olefins and Vinyls. The company has a P/E ratio of 15.6, above the average chemicals industry P/E ratio of 12.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Westlake Chemical as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Westlake Chemical Ratings Report.

See our dividend calendar or top-yielding stocks list.
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