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

Whirlpool Co. (NYSE:WHR) announced a quarterly dividend on Monday, August 19th, RTT News reports. Investors of record on Friday, August 30th will be paid a dividend of 1.75 per share on Sunday, September 15th. This represents a $7.00 annualized dividend and a dividend yield of 6.82%. The ex-dividend date is Friday, August 30th.

Whirlpool has raised its dividend by an average of 13.0% annually over the last three years. Whirlpool has a payout ratio of 55.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Whirlpool to earn $12.46 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 56.2%.

Whirlpool Stock Performance

WHR stock opened at $102.64 on Wednesday. The stock’s fifty day moving average is $99.42 and its two-hundred day moving average is $101.14. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 14.17 and a beta of 1.44. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.58 and a current ratio of 0.96. Whirlpool has a 1 year low of $84.18 and a 1 year high of $142.52.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.39. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period in the prior year, the company posted $4.21 EPS. The business’s revenue for the quarter was down 16.8% compared to the same quarter last year. On average, research analysts predict that Whirlpool will post 11.31 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Royal Bank of Canada cut their price objective on Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a report on Friday, July 26th. Bank of America started coverage on shares of Whirlpool in a report on Tuesday, July 30th. They issued an “underperform” rating and a $88.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Whirlpool presently has a consensus rating of “Hold” and a consensus price target of $103.75.

About Whirlpool

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.