Whirlpool Corporation (WHR) to Issue $1.10 Quarterly Dividend
Whirlpool Corporation (NYSE:WHR) declared a quarterly dividend on Tuesday, August 15th, RTT News reports. Shareholders of record on Friday, August 25th will be paid a dividend of 1.10 per share on Friday, September 15th. This represents a $4.40 annualized dividend and a yield of 2.53%.
Whirlpool Corporation has raised its dividend by an average of 18.0% annually over the last three years and has increased its dividend every year for the last 6 years. Whirlpool Corporation has a dividend payout ratio of 30.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Whirlpool Corporation to earn $17.18 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 25.6%.
Shares of Whirlpool Corporation (NYSE:WHR) traded down 0.10% on Tuesday, reaching $173.48. The company’s stock had a trading volume of 60,255 shares. Whirlpool Corporation has a 1-year low of $145.91 and a 1-year high of $202.99. The stock has a 50-day moving average of $185.91 and a 200 day moving average of $180.83. The stock has a market capitalization of $12.66 billion, a PE ratio of 17.36 and a beta of 1.79.
Whirlpool Corporation (NYSE:WHR) last released its earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.54 by $0.19. Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The company had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter in the previous year, the company earned $3.50 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities analysts forecast that Whirlpool Corporation will post $14.63 EPS for the current year.
Whirlpool Corporation declared that its board has initiated a share repurchase plan on Wednesday, July 26th that permits the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 16.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
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In other Whirlpool Corporation news, Director William D. Perez acquired 1,000 shares of Whirlpool Corporation stock in a transaction dated Monday, July 31st. The stock was bought at an average cost of $176.93 per share, with a total value of $176,930.00. Following the acquisition, the director now owns 7,239 shares of the company’s stock, valued at $1,280,796.27. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.69% of the stock is currently owned by company insiders.
Several analysts have issued reports on WHR shares. Royal Bank Of Canada restated a “top pick” rating and issued a $216.00 price target (down from $226.00) on shares of Whirlpool Corporation in a research report on Tuesday, June 20th. Zacks Investment Research lowered shares of Whirlpool Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 19th. BidaskClub lowered shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Credit Suisse Group started coverage on shares of Whirlpool Corporation in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 price target on the stock. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $194.71.
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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