Is WESTLAKE CORP (NYSE:WLK) suited for dividend investing?

Unearth the potential of WESTLAKE CORP (NYSE:WLK) as a dividend stock recommended by our stock screening tool. WLK maintains a robust financial footing and delivers a sustainable dividend. We'll delve into the details below.

How do we evaluate the Dividend for WLK?

To gauge a stock's dividend quality, ChartMill utilizes a Dividend Rating ranging from 0 to 10. This comprehensive assessment considers various dividend aspects, including yield, history, growth, and sustainability. WLK has achieved a 7 out of 10:

• Compared to an average industry Dividend Yield of 3.86, WLK pays a bit more dividend than its industry peers.
• On average, the dividend of WLK grows each year by 14.83%, which is quite nice.
• WLK has paid a dividend for at least 10 years, which is a reliable track record.
• WLK has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
• WLK's earnings are growing more than its dividend. This makes the dividend growth sustainable.

Unpacking WLK's Health Rating

ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. WLK scores a 6 out of 10:

• Looking at the Altman-Z score, with a value of 2.34, WLK is in the better half of the industry, outperforming 72.29% of the companies in the same industry.
• A Debt/Equity ratio of 0.43 indicates that WLK is not too dependend on debt financing.
• WLK has a better Debt to Equity ratio (0.43) than 67.47% of its industry peers.
• A Current Ratio of 2.80 indicates that WLK has no problem at all paying its short term obligations.
• With an excellent Current ratio value of 2.80, WLK belongs to the best of the industry, outperforming 81.93% of the companies in the same industry.
• A Quick Ratio of 2.04 indicates that WLK has no problem at all paying its short term obligations.
• With an excellent Quick ratio value of 2.04, WLK belongs to the best of the industry, outperforming 81.93% of the companies in the same industry.

Looking at the Profitability

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For WLK, the assigned 5 is a significant indicator of profitability:

• WLK has a better Return On Assets (2.88%) than 63.86% of its industry peers.
• WLK has a better Profit Margin (4.93%) than 65.06% of its industry peers.

Our Best Dividend screener lists more Best Dividend stocks and is updated daily.

Our latest full fundamental report of WLK contains the most current fundamental analsysis.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.