Whirlpool Co. (WHR) Announces Dividend Increase – $1.15 Per Share

Whirlpool Co. (NYSE:WHR) declared a quarterly dividend on Monday, April 16th, RTT News reports. Shareholders of record on Friday, May 18th will be given a dividend of 1.15 per share on Friday, June 15th. This represents a $4.60 annualized dividend and a dividend yield of 3.00%. This is a positive change from Whirlpool’s previous quarterly dividend of $1.10.

Whirlpool has raised its dividend payment by an average of 14.4% annually over the last three years and has raised its dividend every year for the last 7 years. Whirlpool has a payout ratio of 32.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Whirlpool to earn $17.42 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 25.3%.

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Shares of NYSE:WHR traded up $4.98 during trading on Monday, hitting $153.57. The company’s stock had a trading volume of 973,903 shares, compared to its average volume of 941,488. The company has a market cap of $10,503.55, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 1.04 and a beta of 1.84. The company has a quick ratio of 0.58, a current ratio of 0.93 and a debt-to-equity ratio of 0.86. Whirlpool has a fifty-two week low of $145.59 and a fifty-two week high of $202.99.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Wednesday, January 24th. The company reported $4.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.01 by $0.09. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.88 billion. Whirlpool had a net margin of 1.65% and a return on equity of 18.36%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.33 earnings per share. analysts expect that Whirlpool will post 15.13 EPS for the current year.

WHR has been the subject of several research reports. Raymond James Financial upgraded shares of Whirlpool from a “market perform” rating to an “outperform” rating and set a $200.00 price target for the company in a research note on Friday, January 26th. Royal Bank of Canada boosted their price target on shares of Whirlpool to $200.00 and gave the stock an “in-line” rating in a research note on Monday, January 29th. Zacks Investment Research upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th. KeyCorp restated an “equal weight” rating on shares of Whirlpool in a research note on Monday, January 29th. Finally, UBS upgraded shares of Whirlpool from a “market perform” rating to an “outperform” rating in a research note on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $185.80.

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About Whirlpool

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.

Dividend History for Whirlpool (NYSE:WHR)

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