LONDON, UK / ACCESSWIRE / November 15, 2017 / Pro-Trader Daily takes a closer look at Whirlpool Corp. (NYSE: WHR) as the Company's stock will begin trading ex-dividend on November 16, 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 the trading session on November 15, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On October 16, 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 December 15, 2017, to stockholders of record at the close of business on November 17, 2017.

Whirlpool's indicated dividend represents a yield of 2.72%, which is substantially above the average dividend yield of 1.78% for the Consumer Goods sector. The Company has raised dividend for six years in a row.

Dividend Insights

Whirlpool has a dividend payout ratio of 32.1%, which denotes that the Company spends approximately $0.32 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount 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 $15.86 for the next year, which is more than triple the Company's annualized dividend of $4.40 per share.

On September 30, 2017, Whirlpool's cash and cash equivalents totaled $1.087 billion compared to $1.085 billion as on December 31, 2016. For Q3 2017, the Company's cash used in operating activities improved by $142 million and free cash flow improved by $118 million compared to the year-ago same period. The Company's strong financial position indicates its 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 October 30, 2017, Whirlpool announced that its Integrated Supply Chain organization has received the Environmental Protection Agency (EPA) SmartWay® Excellence Award for third consecutive year.

The SmartWay Excellence Award represents the EPA's highest recognition for demonstrated leadership in freight supply-chain energy and environmental performance. Whirlpool was one of only 11 companies to receive the distinction in 2017, and was recognized in the large shipper category, which represents companies that move products more than 500 million miles annually.

The EPA SmartWay program, launched in 2004, helps companies advance supply chain sustainability and promotes clean, efficient freight transportation. Since 2004, SmartWay Partners have saved 170.3 million barrels of oil - the equivalent of eliminating annual energy use in over 6 million homes and $24.9 billion in fuel costs.

Whirlpool requires contracted carriers to be SmartWay certified. Currently, 99.79% of North American shipments for the Company are moved with SmartWay carriers. In 2016, Whirlpool dropped its total fuel consumption by more than 53,000 gallons by increasing rail transportation and decreasing fuel usage on the road.

About Whirlpool

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.

Stock Performance

At the close of trading session on Tuesday, November 14, 2017, Whirlpool's stock price slightly declined 0.41% to end the day at $161.00. A total volume of 620.10 thousand shares were exchanged during the session. The Company's shares are trading at a PE ratio of 15.19 and have a dividend yield of 2.73%. At Tuesday's closing price, the stock's net capitalization stands at $11.62 billion.

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