WLKP — Westlake Chemical Partners LP
Westlake Chemical Partners LP (WLKP)
WLKP pays a 8.73% distribution rate, quarterly. Its Distribution Safety Score™ is 85 (Safe), giving a Safety-Adjusted Yield of 7.42%. Total return is 68.3% over the past 12 years, 313.7 points behind SPY at 382.0%. Its deepest 1-year drawdown was 17.9%.
Westlake Chemical Partners LP operates ethylene production facilities in the United States, converting ethane into ethylene and selling ethylene and co-products including propylene, crude butadiene, pyrolysis gasoline, and hydrogen to third parties on spot or contract basis. The master limited partnership distributes quarterly at a high current distribution rate. This structure appeals to income-focused investors seeking exposure to petrochemical production and the quarterly cash returns characteristic of MLPs.
WLKP key facts
- Distribution Safety Score™
- 85 · Safe
- Safety-Adjusted Yield
- 7.42%
- Asset type
- Stock
- Asset class
- Equity
- Inception date
- 07/30/2014
- Distribution rate
- 8.73%
- Distribution frequency
- Quarterly
- Trailing yield
- 8.68%
- 5-year average yield
- 8.17
- Last close
- $21.70
- Market cap
- $776,466,752
- Average volume
- 24400.0
- Last dividend
- $0.4710
- Ex-dividend date
- 08/13/2026
- Payment date
- 08/28/2026
- Beta
- 0.503
- Payout ratio
- 1.1488
- P/E ratio
- 13.4329
- Forward P/E
- 11.4286
- EPS
- $1.64
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Income is not the same as return. Distribution yield measures cash paid to investors; total return also includes price changes. Compare both, especially for option-income and other high-distribution funds.
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