Westlake Corporation [NYSE: WLK] announced on Friday that its Board of Directors had declared a regular dividend distribution of 50 cents per share for the third quarter of 2023. The dividend will be payable on December 6, 2023, to stockholders of record on November 21, 2023.
The distribution is the 77th successive quarterly dividend that Westlake has declared since completing its initial public offering in August 2004. Year-to-date, Westlake is up nearly 20%, outperforming the S&P 500 by more than five points. Shares opened down Monday morning by 0.24% and, at press time, were trading at $121.69 per share.