5 Chemical Dividend Stock with Over 2% Yield

2. Westlake Chemical Partners LP (NYSE:WLKP)

Number of Hedge Fund Holders: 4
Dividend Yield as of December 12: 8.04%

Westlake Chemical Corporation (NYSE:WLK) is a limited partnership formed by Westlake Chemical Corporation to develop ethylene production facilities and other assets. The company has been increasing its dividend for the past five years and currently pays a dividend of $1.89 per share. The stock’s current dividend yield stands at 8.04%.

As of Q3 2021, 4 hedge funds tracked by Insider Monkey held stakes in Westlake Chemical Partners LP (NYSE:WLKP), up from 3 in the previous quarter. The total value of these stakes is over $2.32 million. Ken Griffin’s hedge fund, Citadel Investment Group, was the company’s largest shareholder in Q3, owning a stake worth $1.3 million.

In Q3, Westlake Chemical Partners LP (NYSE:WLKP) reported revenue of $293.9 million, presenting a 26.7% growth from the prior-year quarter. As of the close of December 12, the stock’s 12-month returns stood at 12.33%.