Whirlpool Co. to Issue Quarterly Dividend of $1.15 (WHR)
Whirlpool Co. (NYSE:WHR) declared a quarterly dividend on Monday, October 15th, RTT News reports. Investors of record on Friday, November 16th will be paid a dividend of 1.15 per share on Saturday, December 15th. This represents a $4.60 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, November 15th.
Whirlpool has increased 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 dividend payout ratio of 32.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Whirlpool to earn $16.18 per share next year, which means the company should continue to be able to cover its $4.60 annual dividend with an expected future payout ratio of 28.4%.
Shares of WHR stock opened at $116.36 on Friday. Whirlpool has a 1-year low of $102.13 and a 1-year high of $187.47. The company has a current ratio of 0.87, a quick ratio of 0.58 and a debt-to-equity ratio of 1.44. The firm has a market cap of $7.47 billion, a P/E ratio of 7.99, a price-to-earnings-growth ratio of 0.79 and a beta of 1.51.
Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Whirlpool from a “sell” rating to a “hold” rating in a research note on Sunday, July 15th. Longbow Research downgraded Whirlpool from a “buy” rating to a “neutral” rating and set a $185.00 target price on the stock. in a research note on Tuesday, July 24th. Credit Suisse Group set a $175.00 target price on Whirlpool and gave the stock a “buy” rating in a research note on Tuesday, July 24th. Royal Bank of Canada downgraded Whirlpool from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 25th. Finally, Goldman Sachs Group initiated coverage on Whirlpool in a research note on Tuesday, October 2nd. They set a “sell” rating and a $107.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Whirlpool presently has a consensus rating of “Hold” and a consensus price target of $144.88.
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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.
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