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.<\/p>\n
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.<\/p>\n
Westlake has declared its the 33rd successive quarterly dividend since completing its initial public offering in August 2004.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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%.<\/p>\n
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%.<\/p>\n
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