If you are a stockholder of Whirlpool Corporation, look for a higher dividend coming your way in mid-December. The Benton Harbor-based appliance giant’s board of directors on Monday approved a $0.05 increase in the quarterly dividend on the company’s common stock to $1.25-per share.
That move marks the eight straight year that the appliance maker has increased the quarterly dividend to stockholders.
Monday’s action for the increased dividend is payable on December 15, 2020 to all stockholders of record at the close of business on November 20, 2020.
Marc Bitzer, Chairman and Chief Executive Officer of Whirlpool Corporation, says, “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.”
The company is slated to announce quarterly earnings later this week followed by a conference call with Wall Street.
Whirlpool 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 http://WhirlpoolCorp.com, or find them on Twitter at @WhirlpoolCorp.