Whirlpool Co. to Issue Quarterly Dividend of $1.75 (NYSE:WHR)

by · The Cerbat Gem

Whirlpool Co. (NYSE:WHR – Get Free Report) announced a quarterly dividend on Monday, April 14th, RTT News reports. Investors of record on Friday, May 16th will be paid a dividend of 1.75 per share on Sunday, June 15th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 8.75%.

Whirlpool has raised its dividend by an average of 8.7% annually over the last three years. Whirlpool has a payout ratio of 61.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Whirlpool to earn $10.75 per share next year, which means the company should continue to be able to cover its $7.00 annual dividend with an expected future payout ratio of 65.1%.

Whirlpool Stock Down 1.5 %

WHR stock traded down $1.22 during trading hours on Monday, reaching $80.04. 1,206,322 shares of the stock were exchanged, compared to its average volume of 1,065,874. The company has a market cap of $4.43 billion, a price-to-earnings ratio of -13.66 and a beta of 1.31. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.72 and a quick ratio of 0.44. The firm’s 50-day moving average is $94.60 and its 200-day moving average is $106.68. Whirlpool has a 12 month low of $75.04 and a 12 month high of $135.49.

Whirlpool (NYSE:WHR – Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $4.57 EPS for the quarter, topping analysts’ consensus estimates of $4.26 by $0.31. Whirlpool had a negative net margin of 1.95% and a positive return on equity of 21.89%. During the same quarter last year, the firm earned $3.85 EPS. On average, equities research analysts expect that Whirlpool will post 9.52 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on WHR. StockNews.com upgraded Whirlpool from a “sell” rating to a “hold” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group lifted their price target on Whirlpool from $125.00 to $138.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $106.00.

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Whirlpool Company Profile

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Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.

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