Whirlpool Corporation (NYSE:WHR) Plans $0.90 Quarterly Dividend

Key Points

• Whirlpool Corporation has declared a quarterly dividend of $0.90 per share, with payment scheduled for September 15th, benefiting stockholders recorded by August 29th.
• The company maintains a payout ratio of 65.7%, indicating earnings adequately support the dividend, and analysts expect the company to earn $10.75 per share next year.
• Whirlpool's recent quarterly earnings report showed earnings per share of $1.34, missing the consensus estimate of $1.54, and revenue was down 5.4% compared to the previous year.

Whirlpool Corporation (NYSE:WHR - Get Free Report) declared a quarterly dividend on Monday, August 18th, RTT News reports. Stockholders of record on Friday, August 29th will be paid a dividend of 0.90 per share on Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

Whirlpool has a payout ratio of 65.7% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 0.0%

Shares of WHR stock traded up $0.04 during mid-day trading on Monday, reaching $88.17. The company's stock had a trading volume of 1,452,116 shares, compared to its average volume of 2,249,407. The company's 50 day simple moving average is $94.45 and its 200-day simple moving average is $90.25. Whirlpool has a 12-month low of $73.72 and a 12-month high of $135.49. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 2.39. The firm has a market capitalization of $4.93 billion, a PE ratio of -33.27 and a beta of 1.17.

Whirlpool (NYSE:WHR - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.20). Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%. The firm had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $3.88 billion. During the same period last year, the firm earned $2.39 EPS. The business's quarterly revenue was down 5.4% on a year-over-year basis. On average, research analysts predict that Whirlpool will post 9.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Longbow Research raised shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price target on the stock in a research note on Monday, June 30th. Loop Capital reissued a "hold" rating and set a $88.00 price objective on shares of Whirlpool in a report on Monday, August 4th. Bank of America reissued an "underperform" rating and set a $70.00 price objective (down from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Royal Bank Of Canada decreased their price objective on shares of Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Whirlpool has a consensus rating of "Hold" and a consensus target price of $98.83.

Whirlpool Company Profile

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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