Dividend Coverage: This Consumer Goods Company has Annualized Dividend of $4.40; Will Trade Ex-Dividend on August 22, 2017
LONDON, UK / ACCESSWIRE / August 22, 2017 /Pro-Trader Daily takes a closer look at Whirlpool Corp. (NYSE: WHR) as the Company's stock will begin trading ex-dividend on August 23, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of trading session on August 22, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:
Today, PRO-TD covers ex-dividend news on WHR. Get our free coverage by signing up at:
On August 15, 2017, Whirlpool's Board of Directors declared a quarterly dividend of $1.10 per share on the Company's common stock. The dividend is payable September 15, 2017, to stockholders of record at the close of business on August 25, 2017.
Whirlpool's indicated dividend represents a yield of 2.59%, which is substantially above the average dividend yield of 1.88% for the Consumer Goods sector. The Company has raised its dividend for six consecutive years.
Whirlpool has a dividend payout ratio of 30.1%, which indicates that the Company distributes approximately $0.30 for every $1.00 earned. The dividend payout ratio reflects how much money a Company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Whirlpool is forecasted to report earnings of $17.16 for the next year which is approximately four times the Company's annualized dividend of $4.40.
As of June 30, 2017, Whirlpool's cash and cash equivalents were $1.04 billion, while the Company's current assets totaled $8.23 billion. For the six months ended June 30, 2017, Whirlpool reported cash used in operating activities of $191 million compared to $404 million in the prior-year's same period. The Company reported free cash flow of $356 million for the first six months of 2017 compared to $547 million in the same prior-year's corresponding period, driven by the Company's focus on working capital optimization. The strong financial position indicates the Company's ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Recent Development for Whirlpool
On August 17, 2017, Whirlpool announced that it has been awarded a prestigious LEED® Certification for two of its recent building projects, both located in Benton Harbor, Michigan.
Riverview Campus, the North American Region Headquarters, is now LEED® Gold certified for Phase-3 of its development, and the Global Headquarters is LEED® Silver certified for the South and East wings of the building. LEED®, or Leadership in Energy & Environmental Design, is a globally-recognized symbol of excellence in green building. These are the 14th and 15th LEED-certified projects for Whirlpool since 2009, with all projects now totaling more than 9.4 million sq. ft.
About Whirlpool Corporation
Whirlpool is the number one major appliance manufacturer in the world, with approximately $21 billion in annual sales, 93,000 employees and 70 manufacturing and technology research centers in 2016. The Company markets Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air, Indesit, and other major brand names in nearly every country throughout the world.
At the close of trading session on Monday, August 21, 2017, Whirlpool's stock price declined 1.34% to end the day at $167.80. A total volume of 819.39 thousand shares were exchanged during the session, which was above the 3-month average volume of 770.40 thousand shares. The Company's shares are trading at a PE ratio of 16.82 and have a dividend yield of 2.62%. At Monday's closing price, the stock's net capitalization stands at $12.35 billion.
Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: (917) 341.4653
Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
© 2017 Accesswire. All Rights Reserved.