A portfolio of stocks I've been building since September 3 is named Volio. It will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the fourth of four basic materials sector stocks striving to join my Volio folio. This could be the twenty-first pick for Volio!

That materials sector includes thirteen industries all related to mining, making, and delivering essential commodities. They are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; industrial metals; steel; paper; silver; specialty chemicals; gold.

My subject today is a small cap chemicals company named, Westlake Chemical Partners LP. Their trading ticker symbol is WLKP. This my third report on Westlake Chemical Partners LP. They were the first selection for my Ivy Portfolio back on September 10, 2018

Westlake Chemical Partners LP is a part of the chemical industry in the United States. Through operating interests in Westlake Chemical OpCo LP (OpCo), it acquires ethyelene 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-paying equities or funds like Westlake Chemical Partners LP:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest, or not.

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

WLKP Price

Westlake's price per share closed at $24.15 yesterday. A year ago its price was $22.72. So, in the past nearly a year its market price increased by $1.43, or just about 6.3%.

Assuming Westlake's stock trades in the range of $21 to $28 this next year, its recent $24.15 price could rise by $1.85  to reach $26.00 by January 24, 2021, assuming upward price momentum resumes.

WLKP Dividends

Westlake's latest declared quarterly dividend was $0.4646 per share paid November 26th.

That $0.4646 Q dividend equates to $1.86 annually and yields 7.7% based on yesterday's $24.15 closing price.

WLKP Gains?

Adding the $1.86 annual estimated dividend to my $1.85 estimate of Westlake Chemical Partners LP price upside shows a $3.71 potential gross gain, per share, which will be reduced by any costs to trade these shares.

As for costs, if we put a little under $1,000.00 today in Westlake Chemical Partners LP at its recent $24.15 price, would buy 41 shares of WLKP.

A $10 broker fee paid half at purchase and half at sale could cost us about $0.24 per share.

Subtract that $0.24 brokerage cost from the estimated $3.71 gross estimated gain per share leaves a net gain of $3.47 X 41 shares = $142.27 or a 14.23% net gain on a $990.15 investment.

Therefore, Westlake Chemical Partners LP, whose trading ticker symbol is WLKP shows a possible 14.23% net gain including a 7.7% dividend yield. It could be more, it could be less

The above speculation is based on past year performance. The actual results remain to be seen to learn if Westlake Chemical Partners LP, is worth your time and money.