Whirlpool Corporation Increases Quarterly Dividend By $0.05

Rhea-AI Summary

Whirlpool Corporation has announced a $0.05 increase in its quarterly dividend, raising it from $1.20 to $1.25 per share. This marks the eighth consecutive year of dividend increases, reflecting the company's confidence in its business outlook. The dividend will be payable on December 15, 2020, to stockholders of record as of November 20, 2020. With annual sales of approximately $20 billion and a workforce of 77,000 employees, Whirlpool continues to strengthen its position as a leading appliance manufacturer.

Positive

• Dividend increased from $1.20 to $1.25 per share, signaling strong financial health.
• Eighth consecutive year of dividend increases reflects confidence in long-term business outlook.

Negative

• None.

BENTON HARBOR, Mich., Oct. 19, 2020 /PRNewswire/ -- Today the board of directors of Whirlpool Corporation approved a $0.05 increase in the quarterly dividend on the Company's common stock to $1.25 per share from $1.20 per share. The dividend is payable December 15, 2020, to stockholders of record at the close of business on November 20, 2020.

"I am pleased to announce that we are increasing our dividend for the eighth consecutive year, reflecting the confidence we have in our business both in the short and long term," said Marc Bitzer, chairman and chief executive officer of Whirlpool Corporation.

About Whirlpool Corporation
Whirlpool Corporation (NYSE: WHR) is the world's leading kitchen and laundry appliance company, with approximately $20 billion in annual sales, 77,000 employees and 59 manufacturing and technology research centers in 2019. The company markets Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, Indesit and other major brand names in nearly every country throughout the world. Additional information about the company can be found at WhirlpoolCorp.com, or find us on Twitter at @WhirlpoolCorp.

Website Disclosure
We routinely post important information for investors on our website, whirlpoolcorp.com, in the "Investors" section. We also intend to update the Hot Topics Q&A portion of this webpage as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investors section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our webpage is not incorporated by reference into, and is not a part of, this document.

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SOURCE Whirlpool Corporation

FAQ

What is the new dividend amount for Whirlpool Corporation?

The new quarterly dividend amount is $1.25 per share.

When will the dividend be paid to shareholders of Whirlpool Corporation?

The dividend will be paid on December 15, 2020.

What is the record date for the dividend payment for WHR?

The record date for the dividend payment is November 20, 2020.

How many consecutive years has Whirlpool increased its dividend?

Whirlpool has increased its dividend for eight consecutive years.