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Westlake Chemical Partners LP announced a distribution of $0.4714 per unit payable on May 29, 2024, marking its 39th quarterly distribution since going public. The distribution is subject to federal income tax withholding for non-U.S. investors.
Westlake Chemical Partners LP ha annunciato una distribuzione di 0,4714 dollari per unità pagabile il 29 maggio 2024, segnando la sua 39a distribuzione trimestrale dal debutto in borsa. La distribuzione è soggetta alla ritenuta d'acconto dell'imposta federale sul reddito per gli investitori non statunitensi.
Westlake Chemical Partners LP anunció una distribución de $0.4714 por unidad pagadera el 29 de mayo de 2024, marcando su 39ª distribución trimestral desde su oferta pública inicial. Dicha distribución está sujeta a la retención del impuesto federal sobre la renta para inversores no estadounidenses.
웨스트레이크 케미컬 파트너스 LP는 2024년 5월 29일에 지급될 0.4714달러의 유닛당 배분을 발표했으며, 이는 상장 이후 39번째 분기별 배당을 의미합니다. 이 배분은 비미국 투자자에 대한 연방 소득세 원천징수의 대상입니다.
Westlake Chemical Partners LP a annoncé une distribution de 0,4714 dollar par unité payable le 29 mai 2024, marquant sa 39ème distribution trimestrielle depuis son introduction en bourse. La distribution est soumise à la retenue d'impôt fédéral sur le revenu pour les investisseurs non américains.
Westlake Chemical Partners LP hat eine Ausschüttung von 0,4714 US-Dollar pro Einheit zum 29. Mai 2024 bekanntgegeben, was ihre 39. Quartalsverteilung seit dem Börsengang markiert. Diese Ausschüttung unterliegt der Bundessteuerabzug bei Einkommen für nicht-US-Investoren.
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$0.4714 per unit distribution declared payable on May 29, 2024
HOUSTON--(BUSINESS WIRE)--
The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP), has declared a distribution of $0.4714 per unit. This is the 39th quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on May 29, 2024, to unit holders of record on May 13, 2024.
This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of the Partnership’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, the Partnership’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
About Westlake Chemical Partners LP
Westlake Chemical Partners is a limited partnership formed by Westlake Corporation to operate, acquire and develop ethylene production facilities and other qualified assets. Headquartered in Houston, the Partnership owns a 22.8% interest in Westlake Chemical OpCo LP. Westlake Chemical OpCo LP’s assets include three facilities in Calvert City, Kentucky, and Lake Charles, Louisiana which process ethane and propane into ethylene, and an ethylene pipeline. For more information about Westlake Chemical Partners LP, please visit http://www.wlkpartners.com.
Media Inquiries:
Westlake Corp.
Ben Ederington, 1-713-585-2900
or
Investor Inquiries:
Westlake Corp.
Steve Bender, 1-713-585-2900
Source: Westlake Chemical Partners
FAQ
What is the amount of the distribution declared by Westlake Chemical Partners LP?
Westlake Chemical Partners LP declared a distribution of $0.4714 per unit.
When will the distribution be payable to unit holders of Westlake Chemical Partners LP?
The distribution will be payable on May 29, 2024.
What is the record date for unit holders to receive the distribution from Westlake Chemical Partners LP?
Unit holders of Westlake Chemical Partners LP must be recorded on May 13, 2024, to receive the distribution.
Under which regulation is the distribution from Westlake Chemical Partners LP considered a qualified notice?
The distribution from Westlake Chemical Partners LP is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b).
How are the distributions from Westlake Chemical Partners LP treated for non-U.S. investors?
Distributions from Westlake Chemical Partners LP to non-U.S. investors are considered income effectively connected with a United States trade or business, subject to federal income tax withholding at the highest applicable effective tax rate.
westlake chemical corporation (nyse: wlk) is an international manufacturer and supplier of petrochemicals, plastics and fabricated products. these chemical and plastic products enhance the daily lives of people around the world. from the tires we ride on, the plastic wrap that keeps our meats and produce fresh, the pipes that are essential to ensuring clean water, to the frames that secure our windows and doors, we play a vital role in supplying the building blocks for these products and many more. westlake chemical employs approximately 4,100 people and operates from 16 locations in north america, 7 in europe as well as 1 location in china. to learn more about westlake chemical, visit www.westlake.com.
