BENTON HARBOR, Mich.,
April 14, 2014 /PRNewswire/
-- The board of directors of Whirlpool Corporation (NYSE:WHR)
declared today a 20 percent increase in the quarterly dividend on
the company's common stock to 75
cents per share from 62.5
cents per share. The dividend is payable June 15, 2014, to stockholders of record at the
close of business on May 16,
2014.
The company's board of directors also approved a new
$500 million share repurchase
authorization. The company completed its previously authorized
repurchase program in December
2013.
"I am pleased to announce that we are continuing to enhance
returns to shareholders through a dividend increase and share
repurchase program," said Jeff M.
Fettig, chairman and chief executive officer of Whirlpool
Corporation. "Our record 2013 earnings performance delivered
revenue growth and margin expansion with our industry-leading
brands and innovative products. These moves underscore our
confidence in our long-term growth and innovation strategies and
expected strong performance in 2014."
About Whirlpool Corporation
Whirlpool Corporation is
the world's leading global manufacturer and marketer of major home
appliances, with annual sales of approximately $19 billion in 2013, 69,000 employees and 59
manufacturing and technology research centers around the world. The
company markets Whirlpool, Maytag, KitchenAid, Jenn-Air,
Amana, Brastemp, Consul, Bauknecht and other major brand
names. Additional information about the company can be found
at http://www.whirlpoolcorp.com.
Whirlpool Additional Information
This document
contains forward-looking statements. Actual events or results
may differ materially from those statements. For information about
the factors that could cause such differences, please refer to our
Annual Report on Form 10-K for the year ended December 31,
2013, including the information set forth under the caption "Risk
Factors."
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SOURCE Whirlpool Corporation