The portfolio of stocks I started building September 8, at a one stock per week pace for the next year, is named Vista.  I will select its nineteenth stock this weekend. Vista is the sixth portfolio I've built (at a one dividend dog per-week pace) since 2014. Six portfolios = VI for Vista!

Vista is planned to Look Ahead for Outstanding, Proven, Dividend Winners. (Like Aristocrats)

Today we look at a small-cap chemicals company named Westlake Chemical Partners LP. Its trading ticker symbol is (WLKP).  This is my first report on Westlake for Vista. It was also reviewed but not selected for my Volio folio No 5.

Westlake Chemical Partners LP is a part of the chemical industry in the United States. Through its operating interests in Westlake Chemical OpCo LP (OpCo), it acquires ethylene production facilities, which primarily convert ethane into ethylene. 

OpCo sells ethylene and its co-products such as propylene, crude butadiene, pyrolysis gasoline and hydrogen to Westlake and other customers located in the United States.

Westlake Chemical Partners GP LLC serves as the general partner of the company. 

The company was founded in 2014 and is headquartered in Houston, Texas.

I use three key data points to gauge dividend equities or funds like Westlake Chemical Partners LP (WLKP):

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money. 

WLKP Price

Westlake's price per share closed at $21.47 Friday. A year ago its price was $24.44. Price dropped $2.97 or a little over 12% last year.

If Westlake's stock trades in the range of $10 to $30 this next year, its recent $21.47 price might rise by $1.53 to reach $23.00 by January 19, 2022. 

WLKP Dividends

Westlake's most recently declared Quarterly dividend was $0.4714, paid November 24th. Dividends are estimated to total $1.89 per share annually and yield 8.78% at yesterday's $21.47 closing price.

WLKP Gains?

Adding the $1.89 annual Westlake Chemical Partners LP anticipated dividend to my $1.53 optimistic price upside shows a $3.42 potential gross gain, per share, to be reduced by any costs to trade the shares.  

Put little over $1,000.00 today in Westlake Chemical Partners LP at $21.47 per share and we'd buy 47 shares of WLKP stock.

A $10 broker fee (if any) paid half at purchase and half at sale could cost us about $0.21 per share.

Subtract that maybe $0.21 brokerage cost from my estimated  $3.42 gross gain per share results in a net gain of $3.21 X 47 shares = $150.87 for a 15% net gain on a $1,009.09 investment.

Westlake Chemical Partners LP shows a possible 15% net gain including a 8.78% dividend yield. It could be more, it could be less. 

All of the estimates above are speculation based on the past history of Westlake Chemical Partners LP (WLKP).  Only time and money invested in this stock will determine its worth.