Westlake Chemical (NYSE:WLK) Announces Quarterly Special Dividend of $3.75 – WLK, LYB, HUN, MOS, PEIX

Westlake Chemical

Westlake Chemical Corporation (NYSE:WLK)’s board of directors announced a regular quarterly dividend of 18.75 cents a share. The board also announced a special dividend of $3.75 a share. Both dividends will be paid on December 12, 2012, to stockholders of record on November 26, 2012.

While the regular three months dividend and the special dividend will require the payment of around $12.5M and $250M, respectively. The payments will be gave from cash on hand.

Westlake has declared its the 33rd successive quarterly dividend since completing its initial public offering in August 2004.

Westlake Chemical Corporation (NYSE:WLK) opened at $74.02 with 66.70 million outstanding shares and touch its highest price of $75.04 of the day and then traded at $73.98 by scoring +2.20% at time 10:54AM EST, as in the current session stocks gain volume of 169,770.00 shares which is lower than its average volume.

As the owner ship concerns stocks institutional ownership remained 36.32% while insider ownership included 0.37%. The share capital of WLK has 66.70 million outstanding shares amid them 20.49 million shares have been floated in market.

For investors focus on the performance of the stocks so the WLK showed weekly ahead performance of -6.07% which was maintained for the month at -6.88%. Correspondingly the positive performance for the quarter was remained +6.30% and if took notice on yearly performance that was +67.35% whereas the year to date performance halted at +80.94%.

As the moving toward the returns measures returns on Investment ratio is significant measure which investor should have in consideration, the WLK return on investment was recorded as 10.46% as compare to its rivals has LyondellBasell Industries NV (NYSE:LYB)’s ROI 11.03%, Huntsman Corporation (NYSE:HUN)’s ROI 7.32%, Mosaic Co (NYSE:MOS)’s ROI 12.21%, Pacific Ethanol Inc (NASDAQ:PEIX)’s ROI -23.74%.


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