BENTON HARBOR, Mich.,
April 17, 2017 /PRNewswire/ -- Today Whirlpool
Corporation's board of directors approved a 10 percent increase in
the quarterly dividend on the company's common stock to
$1.10 per share from $1.00 per share. The dividend is payable
June 15, 2017, to stockholders of
record at the close of business on May 19,
2017.
"This dividend increase represents our continuing commitment to
enhance returns for shareholders and our confidence in the strength
of our business," said Jeff M.
Fettig, chairman and chief executive officer of Whirlpool
Corporation. "We remain focused on creating long-term value and
returning strong levels of cash to our shareholders while funding
our brands and innovation programs."
About Whirlpool Corporation
Whirlpool Corporation
(NYSE: WHR) 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. Additional information
about the company can be found at WhirlpoolCorp.com, or find us on
Twitter at @WhirlpoolCorp.
Whirlpool Corporation Additional Information
This
document contains forward-looking statements regarding long-term
value creation and cash return to shareholders. Actual events or
results may differ materially from those statements as a result a
many factors, including the company's ability to execute on its
long-term plans. 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, 2016, including the
information set forth under the caption "Risk Factors."
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SOURCE Whirlpool Corporation