StockNews.AI
WLKP
StockNews.AI
204 days

Westlake Chemical Partners LP Announces Fourth Quarter 2024 Distribution

1. Westlake Chemical Partners declared a $0.4714 distribution per unit. 2. This marks the 42nd quarterly distribution since its IPO. 3. Distribution payment is set for February 25, 2025. 4. The partnership's U.S. tax implications affect non-U.S. investors. 5. Westlake operates ethylene production facilities enhancing operational stability.

3m saved
Insight
Article

FAQ

Why Bullish?

Increased distributions typically lead to stock price appreciation. Historical distributions have positively influenced investor sentiment and stock price.

How important is it?

Regular distributions are pivotal for MLPs like WLKP, affirming financial health. They signal reliable income for investors, influencing market perception.

Why Long Term?

Steady distributions reinforce investor confidence, supporting long-term price stability. Past performance suggests sustained distributions lead to gradual appreciation.

Related Companies

WLKPWLK
HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution of $0.4714 per unit. This is the 42nd quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on February 25, 2025, to unit holders of record on February 7, 2025. This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of the Partnership’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, the Partnership’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate. About Westlake Chemical Partners LP Westlake Chemical Partners is a limited partnership formed by Westlake Corporation to operate, acquire and develop ethylene production facilities and other qualified assets. Headquartered in Houston, the Partnership owns a 22.8% interest in Westlake Chemical OpCo LP. Westlake Chemical OpCo LP’s assets include three facilities in Calvert City, Kentucky, and Lake Charles, Louisiana which process ethane and propane into ethylene, and an ethylene pipeline. For more information about Westlake Chemical Partners LP, please visit http://www.wlkpartners.com.

Related News