What If the Fed Cuts 50 Basis Points? 4 Ultra-High-Yield Favorites Will Explode
These four ultra-high-yield stocks look like timely buys now, especially with the Federal Reserve on tap to raise rates next week.
Headquartered in Houston, TX Fiscal year ends December NYSE: WLKP wlkpartners.com
Westlake Chemical Partners LP is a limited partnership formed by Westlake Corporation to operate, acquire, and develop ethylene production facilities and other qualified assets. The Partnership owns a 22.8% interest in Westlake Chemical OpCo LP, whose assets consist of three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana, and an ethylene pipeline. The Partnership's revenue model is anchored by an ethylene sales agreement with Westlake Corporation, under which 95% of OpCo's ethylene production is sold to Westlake at a fixed cash margin of $0.10 per pound, net of operating costs, maintenance capital expenditures, and turnaround reserves. This structure is designed to provide stable and predictable cash flows. The remaining ethylene and co-products are sold to third parties at market prices. The Partnership trades on the New York Stock Exchange under the ticker WLKP. Updated
These four ultra-high-yield stocks look like timely buys now, especially with the Federal Reserve on tap to raise rates next week.
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Westlake Chemical Partners LP is a limited partnership formed by Westlake Corporation to operate, acquire, and develop ethylene production facilities and other qualified assets.
The Wall Street consensus 12-month price target for WLKP is $26.00.