Whirlpool Corporation (NYSE:WHR) to Issue $0.90 Quarterly Dividend

Key Points

• Whirlpool Corporation has declared a quarterly dividend of $0.90 per share, to be paid on December 15th to investors of record on November 21st, representing a 5.0% dividend yield.
• The company's dividend payout ratio is 65.7%, and analysts expect it to maintain this rate with future earnings predictions.
• Whirlpool's stock has experienced a recent decrease and has a consensus rating of "Reduce" from analysts, with a price target set at approximately $89.71.

Whirlpool Corporation (NYSE:WHR - Get Free Report) declared a quarterly dividend on Monday, October 20th. Investors of record on Friday, November 21st will be paid a dividend of 0.90 per share on Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, November 21st.

Whirlpool has a dividend payout ratio of 65.7% 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 Trading Down 0.2%

Shares of WHR stock opened at $72.64 on Tuesday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.46 and a current ratio of 0.85. The stock has a market capitalization of $4.06 billion, a P/E ratio of -27.41 and a beta of 1.17. The company has a 50 day moving average price of $84.85 and a 200 day moving average price of $86.35. Whirlpool has a fifty-two week low of $71.00 and a fifty-two week high of $135.49.

Whirlpool (NYSE:WHR - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The company reported $1.34 earnings per share for the quarter, missing analysts' consensus estimates of $1.54 by ($0.20). The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.88 billion. Whirlpool had a negative net margin of 0.95% and a positive return on equity of 20.81%. The company's revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.39 EPS. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. Equities research analysts predict that Whirlpool will post 9.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Whirlpool in a research report on Wednesday, October 8th. They set a "hold" rating and a $80.00 price objective for the company. Wall Street Zen downgraded shares of Whirlpool from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Royal Bank Of Canada dropped their price objective on shares of Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 30th. Zacks Research raised shares of Whirlpool from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 30th. Finally, Loop Capital reissued a "hold" rating and issued a $88.00 price objective on shares of Whirlpool in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $89.71.

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.

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