Westlake Chemical Corporation (NYSE:WLK) Updates On Dividend Release Date


On 2016-08-22, Westlake Chemical Corporation (NYSE:WLK) confirmed the dividend disbursement of $0.191 a share to shareholders as on record 2016-09-02. The firm will release dividend on 2016-09-20 while ex-dividend date is reported to be 2016-08-31.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Westlake Chemical Corporation (NYSE:WLK) paid a total of $0.191 per share in dividends. This figure stood at $0.191 a share in the same period a year ago indicating a deviation of 19.0722%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $59.4 on the stock. This figure is the average of recommendations offered by 5 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $65 and $56, respectively.

Taking the mathematical rating formula, the price for Westlake Chemical Corporation (NYSE:WLK) stands at 1.83. Earnings Review Westlake Chemical Corporation (NYSE:WLK) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-01. For the period ending on 2016-09-30, experts are expecting EPS of $1.

Coming to the quarter ending on 2015-12-31, Westlake Chemical Corporation (NYSE:WLK) recorded EPS of $1.21. The reported numbers came lower than the analysts’ estimates of $0.95, demonstrating a miss of $0.26 as against reported figures.

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