Whirlpool Co. (NYSE:WHR) announced a quarterly dividend on Tuesday, February 19th, RTT News reports. Stockholders of record on Friday, March 1st will be given a dividend of 1.15 per share on Friday, March 15th. This represents a $4.60 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Thursday, February 28th.
Whirlpool has increased its dividend payment by an average of 9.7% per year over the last three years and has raised its dividend every year for the last 8 years. Whirlpool has a payout ratio of 32.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Whirlpool to earn $16.70 per share next year, which means the company should continue to be able to cover its $4.60 annual dividend with an expected future payout ratio of 27.5%.
Shares of NYSE:WHR opened at $137.55 on Friday. The company has a market cap of $9.25 billion, a P/E ratio of 9.07, a P/E/G ratio of 2.06 and a beta of 1.63. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.55 and a current ratio of 0.82. Whirlpool has a 12-month low of $99.40 and a 12-month high of $167.54.
Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Monday, January 28th. The company reported $4.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.30 by $0.45. Whirlpool had a positive return on equity of 27.24% and a negative net margin of 0.87%. The business had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter in the previous year, the firm earned $4.10 earnings per share. The business’s revenue was down .7% on a year-over-year basis. As a group, research analysts predict that Whirlpool will post 14.66 earnings per share for the current fiscal year.
WHR has been the topic of several research reports. Credit Suisse Group restated a “neutral” rating and issued a $125.00 target price on shares of Whirlpool in a research note on Wednesday, November 28th. They noted that the move was a valuation call. Raymond James lowered Whirlpool from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 30th. Buckingham Research initiated coverage on Whirlpool in a research note on Wednesday, January 23rd. They set a “neutral” rating and a $135.00 price objective on the stock. Zacks Investment Research lowered Whirlpool from a “buy” rating to a “hold” rating in a research note on Saturday, January 19th. Finally, Royal Bank of Canada lowered Whirlpool from a “sector perform” rating to an “underperform” rating and set a $134.60 target price on the stock. in a research note on Wednesday, January 30th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. Whirlpool presently has an average rating of “Hold” and an average price target of $146.40.
In other news, Director Michael F. Johnston sold 2,845 shares of the company’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $133.54, for a total value of $379,921.30. Following the completion of the transaction, the director now directly owns 6,550 shares in the company, valued at approximately $874,687. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.83% of the stock is currently owned by corporate insiders.
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Whirlpool Company Profile
Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company’s principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.
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