Whirlpool Co. (WHR) to Issue Quarterly Dividend of $1.75 on June 15th

Whirlpool Co. (NYSE:WHR) declared 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 yield of 8.33%. The ex-dividend date of this dividend is Friday, May 16th.

Whirlpool has increased its dividend by an average of 8.7% annually over the last three years. Whirlpool has a dividend payout ratio of 65.7% meaning its dividend is sufficiently covered by earnings. Equities 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 Up 0.6%

WHR opened at $84.03 on Wednesday. Whirlpool has a fifty-two week low of $73.72 and a fifty-two week high of $135.49. 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 fifty day moving average price is $84.53 and its two-hundred day moving average price is $102.63. The company has a market capitalization of $4.67 billion, a P/E ratio of -14.34 and a beta of 1.20.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.03. Whirlpool had a negative net margin of 1.95% and a positive return on equity of 21.89%. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the previous year, the company earned $1.78 earnings per share. The business’s revenue was down 19.4% compared to the same quarter last year. On average, analysts anticipate that Whirlpool will post 9.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WHR shares. StockNews.com downgraded shares of Whirlpool from a “hold” rating to a “sell” rating in a research note on Friday, April 25th. The Goldman Sachs Group boosted their target price on shares of Whirlpool from $125.00 to $138.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Whirlpool from $109.00 to $89.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $101.00.

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.