IHS Chemical Week

Westlake to pay special dividend

12:33 PM MST | November 19, 2012

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 Albert Chao...

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