Westlake Chemical Partners offers a steady 9% yield backed by a fixed-margin contract through 2027.

Westlake Chemical Partners (WLKP) provides a reliable 9% yield, supported by a fixed-margin, cost-plus contract valid until 2027, and has consistently maintained distributions for 48 quarters, shielding cash flows from market volatility. Although its growth prospects are limited and distribution increases are improbable, WLKP is considered an attractive option for income-focused investors due to its stable yield and current valuation, which is about 10% below the sector median. The main risk factor involves the contract renewal process post-2027.