Whirlpool Corporation (WHR) to Issue Quarterly Dividend of $1.10 on December 15th
Whirlpool Corporation (NYSE:WHR) declared a quarterly dividend on Monday, October 16th, RTT News reports. Investors of record on Friday, November 17th will be paid a dividend of 1.10 per share on Friday, December 15th. This represents a $4.40 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Thursday, November 16th.
Whirlpool Corporation has raised its dividend payment by an average of 18.0% per year over the last three years and has increased its dividend every year for the last 6 years. Whirlpool Corporation has a payout ratio of 32.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Whirlpool Corporation to earn $15.79 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 27.9%.
Whirlpool Corporation (NYSE:WHR) opened at $161.00 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.55 and a current ratio of 0.90. Whirlpool Corporation has a 52-week low of $159.71 and a 52-week high of $202.99. The stock has a market capitalization of $11,618.06, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 1.57 and a beta of 1.87.
Whirlpool Corporation (NYSE:WHR) last released its earnings results on Monday, October 23rd. The company reported $3.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.90 by ($0.07). Whirlpool Corporation had a return on equity of 18.45% and a net margin of 3.76%. The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same quarter in the previous year, the firm posted $3.66 EPS. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. sell-side analysts forecast that Whirlpool Corporation will post 13.7 earnings per share for the current fiscal year.
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Several research firms have issued reports on WHR. Zacks Investment Research cut Whirlpool Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, October 27th. Credit Suisse Group set a $187.00 target price on Whirlpool Corporation and gave the stock a “neutral” rating in a research report on Tuesday, October 24th. Royal Bank Of Canada cut Whirlpool Corporation from a “top pick” rating to a “sector perform” rating and dropped their target price for the stock from $209.00 to $184.00 in a research report on Tuesday, October 24th. Bank of America Corporation lowered Whirlpool Corporation from a “buy” rating to a “neutral” rating and set a $183.00 price target on the stock. in a research note on Tuesday, October 24th. Finally, MKM Partners set a $177.00 price target on Whirlpool Corporation and gave the stock a “hold” rating in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $184.67.
Whirlpool Corporation declared that its board has initiated a stock buyback program on Wednesday, July 26th that allows the company to buyback $2.35 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 16.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.
Whirlpool Corporation Company Profile
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.
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