Westlake Chemical Partners LP Announces 38th Quarterly Distribution of $0.4714 per Unit
HOUSTON - Westlake Chemical Partners LP (NYSE:WLKP) has announced its 38th quarterly distribution of $0.4714 per unit.The distribution, declared by the Partnership’s general partner, Westlake Chemical Partners GP LLC, will be payable on February 20, 2024, to unit holders of record on February 2, 2024.This distribution marks another milestone for the Partnership since its initial public offering.
Westlake Chemical Partners LP is a leading provider of ethylene production and ethylene co-product sales, operating three ethylene production facilities located in the United States.With a focus on sustainable growth and maximizing value for its unit holders, the Partnership has consistently demonstrated its commitment to generating solid returns.
We are delighted to announce the 38th quarterly distribution for our unit holders, said Albert Chao, President and CEO of Westlake Chemical Partners LP.This distribution reflects our ongoing dedication to delivering strong financial performance and creating value.We remain focused on capitalizing on attractive investment opportunities that will continue to support our long-term growth.
The distribution represents a continuous and reliable source of income for unit holders investing in Westlake Chemical Partners LP.Since its initial public offering, the Partnership has shown consistent dedication to returning value to its unit holders through regular distributions, successfully building a strong track record in the market.
Westlake Chemical Partners LP has a proven track record of industry leadership, capitalizing on its expertise and strategic assets to drive growth and profitability.As a result, the Partnership has gained a strong position in the market, ensuring the stability and sustainability of its distributions.
With a commitment to innovation and operational excellence, Westlake Chemical Partners LP seeks to maximize value for its unit holders.By harnessing the synergies and integration within the Westlake Chemical Corp.family, the Partnership can effectively navigate market challenges and generate attractive returns.
The distribution of $0.4714 per unit is a testament to the stable financial performance and long-term growth prospects of Westlake Chemical Partners LP.Unit holders can look forward to continued value creation and favorable returns as the Partnership remains committed to its growth strategies and capitalizing on future opportunities.
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