New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 19, 2012
06:09 EDTWLKWestlake Chemical declares special dividend of $3.75 per share
The board of Westlake Chemical declared on Friday a special dividend of $3.75 per share. The special dividend and the regular quarterly dividend will be payable on December 12, to stockholders of record on November 26. The regular quarterly dividend and the special dividend will entail the payment of approximately $12.5M and $250M, respectively. The funds will be provided from cash on hand.
News For WLK From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 28, 2015
17:00 EDTWLKWestlake Chemical Partners criticizes proposed MLP regulations
Westlake Chemical Partners (WLKP) submitted comments in response to the proposed regulations that were issued on May 5 by the Internal Revenue Service and the U.S. Department of Treasury concerning section 7704d1E of the Internal Revenue Code. In conjunction with filing its comments, Westlake Chemical Partners said, "The proposed regulations effectively revoke a previously issued private letter ruling by the IRS, which served as the underlying basis for the decision to form WLKP as a master limited partnership in 2014. Westlake Chemical Partners believes this reversal, even with a ten-year transition period, is unfair to our unitholders and sends an unfortunate message to investors and businesses that they cannot rely on IRS rulings. Additionally, this proposed ruling has already had a significant negative impact on the market value of both WLKP and Westlake Chemical (WLK)."

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use