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Markets :: Basic Chemicals :: Petrochemicals :: Ethylene

Westlake declares special dividend

10:34 AM MST | November 19, 2012 | Vincent Valk

Westlake Chemical has declared a $3.75/share special dividend, payable to shareholders on 12 December. The company will spend $250 million in cash on hand to pay the dividend. Westlake also announced its regular quarterly dividend, of 18.75 cts/share, which will also be paid on 12 December.   “Beginning in the first quarter of 2013 and continuing through 2015, we will complete our previously announced integration projects that will contribute to our earnings and continue our commitment of profitable growth for our shareholders,” says Westlake CEO...

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