MOSCOW (MRC) -- The Board of Directors of Westlake Chemical Corporation has declared a regular dividend distribution of USD0.2100 per share, as per the company's press release.
The dividend will be payable on March 13, 2018, to stockholders of record on February 27, 2018.
This is the 54th successive quarterly dividend that Westlake has declared since completing its initial public offering in August 2004.
As MRC informed previously, Westlake Chemical Corporation has recently announced that it will expand capacities for the production of polyvinyl chloride (PVC) and vinyl chloride monomer (VCM) at three of its chemical facilities. Two of the plants are located in Germany (Burghausen, Gendorf) and one is located in Geismar, Louisiana. The expansions in Burghausen and Geismar are expected to be completed in 2019. The Gendorf expansions are expected to be completed in 2020 and 2021.
Westlake Chemical Corporation is an international manufacturer and supplier of petrochemicals, polymers and building products with headquarters in Houston, Texas. The company's range of products includes: ethylene, polyethylene, styrene, propylene, chlor-alkali and derivative products, PVC suspension and specialty resins, PVC Compounds, and PVC building products including siding, pipe, fittings and specialty components, windows, fence, deck and film.
MRC