Whirlpool Co. (NYSE:WHR) declared a quarterly dividend on Tuesday, August 20th, RTT News reports. Shareholders of record on Friday, August 30th will be paid a dividend of 1.20 per share on Sunday, September 15th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.52%.
Whirlpool has increased its dividend payment by an average of 9.7% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Whirlpool has a dividend payout ratio of 33.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Whirlpool to earn $16.67 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 28.8%.
Shares of NYSE:WHR traded up $0.97 during midday trading on Tuesday, hitting $136.29. The company had a trading volume of 21,797 shares, compared to its average volume of 873,615. Whirlpool has a twelve month low of $99.40 and a twelve month high of $152.50. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.84 and a quick ratio of 0.54. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 9.00, a price-to-earnings-growth ratio of 1.60 and a beta of 1.83. The business’s 50-day simple moving average is $142.12 and its 200-day simple moving average is $136.83.
Several equities research analysts recently commented on the company. Buckingham Research increased their price target on Whirlpool from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, July 17th. TheStreet raised Whirlpool from a “c+” rating to a “b-” rating in a report on Monday, July 22nd. Gabelli reaffirmed a “hold” rating on shares of Whirlpool in a report on Wednesday, July 24th. ValuEngine cut Whirlpool from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Finally, Longbow Research set a $178.00 price target on Whirlpool and gave the company a “buy” rating in a report on Friday, August 2nd. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $140.09.
In related news, CFO James W. Peters sold 650 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $146.51, for a total value of $95,231.50. Following the completion of the transaction, the chief financial officer now directly owns 18,569 shares in the company, valued at $2,720,544.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.91% of the company’s stock.
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 refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.
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