WLK Raises Quarterly Dividend 0.57% to $0.533 per Share

WLK (Westlake Corporation) has announced a quarterly dividend increase of 0.57%, raising the payout to $0.5330 per share. The new dividend will be paid to shareholders of record as of the ex-dividend date, which is set for 2026-08-25. This marks the company's 12th consecutive year of dividend increases, reflecting a consistent commitment to returning value to shareholders.

The numbers

The new quarterly dividend of $0.5330 represents a modest increase from the previous payment of $0.5300. This follows a series of recent quarterly payments: $0.525 (paid 2025-05-20), $0.53 (paid 2025-08-19), $0.53 (paid 2025-11-25), $0.53 (paid 2026-03-03), and $0.53 (paid 2026-05-27). The new payment annualizes to approximately $2.132 per share, based on the current quarterly rate. At the current share price of $74.80, the trailing twelve-month (TTM) dividend yield stands at 2.84%, with TTM dividend per share of $2.1230. Over the past five years, the dividend has grown at a compound annual growth rate (CAGR) of 14.6%, demonstrating a strong track record of shareholder returns.

What it means for income investors

For income investors, this increase translates to an additional $0.003 per share per quarter, or $0.012 per share annually. On a 100-share holding, the new quarterly dividend would amount to $53.30, up from $53.00 previously, adding $1.20 to annual income. While the increase is modest, it continues a trend of consistent dividend growth, supported by a solid 12-year streak of annual raises. Investors seeking reliable income may view this as a positive signal of financial stability.

Reporting based on: DividendSmart market data. Figures verified against market data where available.