Whirlpool Corporation Announces Quarterly Dividend

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Whirlpool Corporation is a major appliance manufacturer with headquarters in Benton Harbor, Michigan. The company announced a quarterly dividend of $1.75 per share, payable on December 15 to shareholders of record on November 18. This dividend is in line with previous quarterly dividends paid by the company. Whirlpool has a long history of paying dividends to shareholders and has increased its dividend payout in each of the last five years.

Whirlpool is a leading appliance manufacturer with a strong brand name and a history of paying dividends to shareholders. The company’s current dividend yield of 4.97% is attractive, and the company is expected to continue to grow its dividend in the future.

Dividends

Whirlpool Corporation ($NYSE:WHR) announced today that it has declared a quarterly dividend of 6.3 USD per share, payable on June 30, 2022, to shareholders of record at the close of business on June 15, 2022. This is an increase from the 5.45 USD and 4.85 USD dividends declared last year for the same quarter. The company’s dividend yields for 2020, 2021, and 2022 are 3.09%, 2.53%, and 3.16%, respectively. This equals a three-year average dividend yield of 2.93%.

If you are looking for dividend stocks, you may want to add Whirlpool Corporation to your list of considerations. The company has a long history of paying and increasing dividends, and its dividend yield is currently above average.

Market Price

Whirlpool Corporation’s products include refrigerators, freezers, ice makers, ranges, cooktops, microwaves, dishwashers, washers, dryers, and other laundry appliances, as well as small appliances such as air purifiers.

VI Analysis

The company has a strong portfolio of well-known brands, including Whirlpool, KitchenAid, Maytag, Jenn-Air, Amana, and more. Whirlpool Corporation is committed to delivering superior products and services that improve the lives of its customers. The company has a strong focus on quality, innovation, and customer service. Whirlpool Corporation is a publicly traded company, listed on the New York Stock Exchange.

VI Peers

The competition in the home appliance industry is fierce. Whirlpool Corporation, the world’s leading manufacturer of major home appliances, competes against Electrolux AB, Traeger Inc, and Allan International Holdings Ltd. These companies are all vying for a share of the market and are constantly innovating to stay ahead of the competition.

– Electrolux AB ($OTCPK:ELRXF)

Electrolux AB is a Swedish multinational home appliance manufacturer, headquartered in Stockholm. It is the second largest appliance manufacturer in the world, after Whirlpool. The company also makes appliances for professional use. The company has a market cap of 3.07B as of 2022 and a Return on Equity of 14.67%. The company’s products include refrigerators, dishwashers, washing machines, cookers, vacuum cleaners, air conditioners and small appliances such as microwaves and coffee makers.

– Traeger Inc ($NYSE:COOK)

Traeger Inc, a leading manufacturer of grilling products, has a market cap of 351.16M as of 2022. The company’s Return on Equity is -26.37%. Traeger Inc manufactures and sells a complete line of grills and related accessories. The company offers products through a network of dealers and distributors in the United States and internationally.

– Allan International Holdings Ltd ($SEHK:00684)

Allan International Holdings Ltd is a company that operates in the business of providing steel products and services. The company has a market capitalization of 379.68 million as of 2022 and a return on equity of -1.13%. The company’s steel products and services are used in a variety of industries, including construction, automotive, and energy. Allan International Holdings Ltd has a strong presence in the Chinese market and is one of the leading suppliers of steel products and services in the country. The company’s products and services are also exported to other countries in Asia, Europe, and North America.

Summary

“We are taking decisive actions to position Whirlpool Corporation for long-term success and generate shareholder value. We are confident in our ability to drive profitable growth and generate significant cash flow, which allows us to return cash to shareholders through our dividend.”.