Whirlpool Co. (NYSE:WHR) Plans $1.20 Quarterly Dividend

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.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Monday, July 22nd. The company reported $4.01 EPS for the quarter, beating the consensus estimate of $3.80 by $0.21. Whirlpool had a return on equity of 30.55% and a net margin of 4.39%. The firm had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter last year, the firm earned $3.20 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, sell-side analysts forecast that Whirlpool will post 15.12 EPS for the current year.

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.

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 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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Dividend History for Whirlpool (NYSE:WHR)

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