How Westlake Chemical Corporation (NYSE:WLK) Could Add Value To Your Portfolio

I’ve been keeping an eye on Westlake Chemical Corporation (NYSE:WLK) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe WLK has a lot to offer. Basically, it is a highly-regarded dividend payer with a an impressive track record of delivering benchmark-beating performance. Below is a brief commentary on these key aspects. If you’re interested in understanding beyond my high-level commentary, read the full report on Westlake Chemical here.

Solid track record average dividend payer

WLK delivered a triple-digit bottom-line expansion over the past couple of years, with its most recent earnings level surpassing its average level over the last five years. The strong earnings growth is reflected in impressive double-digit 27.7% return to shareholders, which is what investors like to see!

NYSE:WLK Income Statement Export August 28th 18

WLK is also a dividend company, with ample net income to cover its dividend payout, which has been consistently growing over the past decade, keeping income investors happy.

NYSE:WLK Historical Dividend Yield August 28th 18

Next Steps:

For Westlake Chemical, I’ve compiled three key factors you should further research:

1. Future Outlook: What are well-informed industry analysts predicting for WLK’s future growth? Take a look at our free research report of analyst consensus for WLK’s outlook.

2. Financial Health: Are WLK’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.

3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of WLK? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.