Whirlpool Corporation Declares Quarterly Dividend

Rhea-AI Summary

Whirlpool Corporation (NYSE: WHR) declared a quarterly dividend of $1.75 per share on April 18, 2023. This dividend is payable to stockholders of record on May 19, 2023, with a payment date set for June 15, 2023. In 2022, Whirlpool reported approximately $20 billion in sales and employed 61,000 individuals. The company prioritizes innovation to cater to consumer needs through its well-known brands such as Whirlpool, KitchenAid, and Maytag. This dividend declaration reflects the company's commitment to returning value to shareholders amid its operational successes.

Positive

• Quarterly dividend declared at $1.75 per share, showcasing commitment to shareholder returns.
• Reported annual sales of approximately $20 billion indicates strong revenue performance.
• Company employs 61,000 individuals, contributing to local economies and demonstrating workforce stability.

Negative

• None.

News Market Reaction – WHR

+1.91%

+1.91% Session move

In the trading session that priced this news, WHR gained 1.91%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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BENTON HARBOR, Mich., April 18, 2023 /PRNewswire/ -- Today, the board of directors of Whirlpool Corporation (the "Company") declared a quarterly dividend of $1.75 per share on the company's common stock. The dividend is payable on June 15, 2023, to stockholders of record at the close of business on May 19, 2023.

About Whirlpool Corporation

Whirlpool Corporation (NYSE: WHR) is committed to being the best global kitchen and laundry company, in constant pursuit of improving life at home. In an increasingly digital world, the company is driving purposeful innovation to meet the evolving needs of consumers through its iconic brand portfolio, including Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, Indesit, Yummly and InSinkErator. In 2022, the company reported approximately $20 billion in annual sales, 61,000 employees and 56 manufacturing and technology research centers. Additional information about the company can be found at WhirlpoolCorp.com.

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 dividend amount declared by Whirlpool Corporation?

Whirlpool Corporation declared a quarterly dividend of $1.75 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on June 15, 2023.

What is the record date for shareholders to receive the dividend?

The record date for shareholders is May 19, 2023.

How has Whirlpool performed financially in the last year?

In 2022, Whirlpool reported approximately $20 billion in annual sales.