Westlake Chemical Partners: A Stable Dividend Stock For An 8% Yield

Core Viewpoint - Westlake Chemical Partners (NYSE: WLKP) is recognized for its high dividend yield, but it is considered fairly priced at current levels [1]. Company Overview - Westlake Chemical Partners owns ethylene production plants in the U.S. [1]. - The company is appealing to investors due to its disciplined capital allocation and ability to generate exceptional returns on capital [1]. Investment Philosophy - The investment philosophy emphasizes buying high-quality stocks and businesses that can compound invested capital over long periods [1].