Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success.

This week’s slot in the Safari portfolio is reserved for the basic materials sector.

That sector includes thirteen industries all related to mining or making commodities. Industries include: agricultural inputs, aluminum; building materials, chemicals, coal, copper, gold, industrial metals, lumber & wood, paper, silver, specialty chemicals, and steel.

Today we’re reviewing a chemical firm that operates, acquires and develops facilities for the processing of natural gas liquids as well as other such assets. The company name is Westlake Chemical Partners LP. It’s trading ticker symbol is WLKP.

The company operates ethylene production facilities, which convert ethane into ethylene. It also sells ethylene co-products, including propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on a spot or contract basis. Westlake Chemical Partners GP LLC serves as the general partner of the company. The limited partnership was founded in 2014 and is headquartered in Houston, Texas.

I use three keys to measure dividend equities or funds like Westlake Chemical Partners LP. (WLKP): 

(1) Price

(2) Dividends

(3) Returns

WLKP Price

Westlake Chemical Partners LP’s price at Friday’s market close was $24.95 per share. The company has positive momentum. Just a year ago its price was $21.55. That’s a gain of $3.40 in the past year. Can SCM do as well in the coming year?If it does, its price will increase to $28.35, or 13.63%.

WLKP Dividends

The company’s most recent monthly dividend was $0.3756 declared and paid in November.The dividend equates to $0.3756 x 4 or $1.50 annually.

At last Friday’s closing price of $24.95 per share, the annual yield from $1.50 showed as 6%.

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