Westlake Chemical Stock To Go Ex-dividend Tomorrow (WLK)
The ex-dividend date for Westlake Chemical Corporation (NYSE:WLK) is tomorrow, August 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $67.63 as of 9:35 a.m., the dividend yield is 1.1%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- The ex-dividend date for Westlake Chemical Corporation (NYSE: WLK) is tomorrow, August 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $67.63 as of 9:35 a.m. ET, the dividend yield is 1.1%. The average volume for Westlake Chemical has been 574,600 shares per day over the past 30 days. Westlake Chemical has a market cap of $4.53 billion and is part of the basic materials sector and chemicals industry. Shares are up 72.7% year to date as of the close of trading on Friday. Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated 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 15.3 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 solid stock price performance, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Westlake Chemical Ratings Report. See our dividend calendar or top-yielding stocks list.