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BENTON HARBOR, Mich., April 15, 2019 /PRNewswire/ -- Today the board of directors of Whirlpool Corporation (NYSE: WHR) approved a $0.05 increase in the quarterly dividend on the Company's common stock to $1.20 per share from $1.15 per share. The dividend is payable June 15, 2019, to stockholders of record at the close of business on May 17, 2019.
"We are increasing our dividend for the seventh consecutive year as we continue in our commitment to returning strong levels of cash to shareholders," said Marc Bitzer, chairman and chief executive officer of Whirlpool Corporation. "We are executing our balanced approach to capital allocation and remain confident in our plans for long-term value creation."
About Whirlpool Corporation
Whirlpool Corporation (NYSE: WHR) is the world's leading major home appliance company, with approximately $21 billion in annual sales, 92,000 employees and 65 manufacturing and technology research centers in 2018. 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 WhirlpoolCorp.com, or find us on Twitter at @WhirlpoolCorp.
We routinely post important information for investors on our website, whirlpoolcorp.com, in the "Investors" section. We also intend to update the Hot Topics Q&A portion of this webpage as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investors section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our webpage is not incorporated by reference into, and is not a part of, this document.
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SOURCE Whirlpool Corporation