HOUSTON, Nov. 24 /PRNewswire-FirstCall/ -- The board of directors of Westlake Chemical Corporation (NYSE: WLK) declared on Friday a dividend of 5.25 cents per share, payable on December 16, 2008, to stockholders of record on December 2, 2008.

This is the 17th successive quarterly dividend that Westlake has declared since completing its initial public offering in August 2004.

Westlake Chemical Corporation is a manufacturer and supplier of petrochemicals, polymers and fabricated products with headquarters in Houston, Texas. The company's range of products includes: ethylene, polyethylene, styrene, propylene, caustic, VCM, PVC and PVC pipe, windows and fence. For more information, visit the company's Web site at http://www.westlake.com.

SOURCE  Westlake Chemical Corporation
    -0-                             11/24/2008
    /CONTACT:  David R. Hansen, Media Relations, or Steve Bender, Investor
Relations, both of Westlake Chemical Corporation, +1-713-960-9111/
    /Web site:  http://www.westlake.com /
    (WLK)

CO:  Westlake Chemical Corporation
ST:  Texas
IN:  CHM
SU:  DIV

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1914 11/24/2008 06:00 EST http://www.prnewswire.com