12 Best MLP Dividend Stocks to Buy According to Analysts

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4. Westlake Chemical Partners LP (NYSE:WLKP)

Dividend Yield: 8.54%

Analyst Rating: Buy

Westlake Chemical Partners LP (NYSE:WLKP) is featured on our list of 12 best MLP dividend stocks to buy according to analysts. Amid mixed Q1 earnings call and Buy rating, a top executive makes a significant stock sale.

Westlake Chemical Partners LP (NYSE:WLKP) owns, operates, and grows ethylene production assets. Based in Texas, the firm oversees three U.S. ethylene facilities in Kentucky and Louisiana and a 200-mile ethylene pipeline through its operating company (OpCo). With 3.7 billion pounds of annual capacity, it also markets co-products like propylene, butadiene, and hydrogen to third parties.

On May 2, 2025, the company reported its first quarter results, highlighting a net income of $5 million. The consolidated cash balance and cash investments totaled around $154 million, indicating a robust balance sheet. However, the report also indicated a fall in net income by nearly $10 million owing to lower production and sales volume from the planned turnaround at Petro 1.

On May 28, 2025, Barclays reiterated a Buy rating on the stock. Amid this rating, Senior Chairman James Chao sold 10,208 of the company’s shares in a transaction valued at $225,989. Despite these mixed signs, the stock’s recent monthly and weekly performance has remained positive, with an upward movement of 1.67% and 0.49% respectively.

Investors seeking a stable income might find Westlake Chemical Partners LP (NYSE:WLKP)’s dividend yield of 8.54%, supported by a Buy rating, attractive.

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