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.

Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, October 24th. The company reported $4.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.76 by $0.79. Whirlpool had a positive return on equity of 23.93% and a negative net margin of 2.95%. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the previous year, the business earned $3.83 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, equities research analysts forecast that Whirlpool will post 14.59 earnings per share for the current fiscal year.

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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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.

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Dividend History for Whirlpool (NYSE:WHR)

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