Whirlpool Corporation (WHR) To Go Ex-Dividend on August 23rd
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 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Wednesday, August 23rd.
Whirlpool Corporation has increased its dividend payment by an average of 18.0% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Whirlpool Corporation has a dividend payout ratio of 30.1% meaning its dividend is sufficiently covered by earnings. 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%.
Whirlpool Corporation (WHR) opened at 171.49 on Friday. Whirlpool Corporation has a 52 week low of $145.91 and a 52 week high of $202.99. The firm’s 50-day moving average is $184.51 and its 200-day moving average is $180.73. The firm has a market cap of $12.52 billion, a price-to-earnings ratio of 17.16 and a beta of 1.79.
Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 earnings per share 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 for the quarter, compared to analyst estimates of $5.35 billion. During the same period in the previous year, the business posted $3.50 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities analysts anticipate that Whirlpool Corporation will post $14.64 earnings per share for the current year.
A number of equities analysts have recently commented on WHR shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $216.00 target price on shares of Whirlpool Corporation in a report on Friday, June 2nd. Credit Suisse Group started coverage on shares of Whirlpool Corporation in a report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 target price on the stock. BidaskClub cut shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research cut shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Whirlpool Corporation has a consensus rating of “Hold” and a consensus target price of $194.71.
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In other Whirlpool Corporation news, Director William D. Perez bought 1,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were acquired at an average cost of $176.93 per share, with a total value of $176,930.00. Following the acquisition, the director now directly owns 7,239 shares of the company’s stock, valued at approximately $1,280,796.27. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.69% of the company’s stock.
Whirlpool Corporation declared that its Board of Directors has approved a share repurchase plan on Wednesday, July 26th that allows the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 16.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
About Whirlpool Corporation
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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