This morning, Westlake Chemical (NYSE:WLK) declared its quarterly dividend of 6.35 cents per share, an increase of about 9% over its prior dividend. Based on the current stock price, investors can expect a yield of about 1% going forward.
Shares of Westlake were heading lower on Monday, falling 0.4% despite the dividend increase.
In other dividend news, Lowe's (NYSE:LOW) maintained its quarterly dividend of 11 cents per share. FedEx (NYSE:FDX) maintained its quarterly dividend of 12 cents per share. Waste Management (NYSE:WM) maintained its quarterly dividend of 31.5 cents per share. And CBS (NYSE:CBS) maintained its quarterly dividend of 5 cents per share.
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