By Colin Kellaher
Westlake Corp.’s board has raised the diversified industrial company’s quarterly dividend by 40%, to 50 cents from 35.7 cents.
The new payout, equal to $2.00 a year, represents an annual yield of about 1.51% based on Friday’s closing price of $132.18, up from 1.08%.
The Houston company on Monday said the increased dividend is payable Sept. 12 to shareholders of record Aug. 25.
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