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Stock Market & Financial Investment News

News Breaks
February 18, 2014
07:09 EDTWLKWestlake Chemical declares two-for-one stock split, increases dividend
The two-for-one common stock split will be accomplished by means of a stock dividend, to be distributed March 18 to stockholders of record as of February 28. Stockholders will be issued one additional share of common stock for each share held. Westlake Chemical expects that its common stock will begin trading on a split-adjusted basis on March 19,. The cash dividend is payable on March 18 to stockholders of record as of February 28, and will be paid on the pre-split shares.
News For WLK From The Last 14 Days
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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)."

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