Whirlpool Corporation Increases Quarterly Dividend by $0.05

Whirlpool Corporation Increases Quarterly Dividend by $0.05

Whirlpool Corporation Increases Quarterly Dividend by $0.05

The FINANCIAL -- On April 16 the board of directors of Whirlpool Corporation approved a $0.05 increase in the quarterly dividend on the company's common stock to $1.15 per share from $1.10 per share.

The dividend is payable June 15, 2018, to stockholders of record at the close of business on May 18, 2018, according to Whirlpool Corporation.

"We are increasing our dividend for the sixth consecutive year, a clear example of our commitment to returning strong levels of cash to shareholders," said Marc Bitzer, chief executive officer of Whirlpool Corporation. "We remain confident in our plans for long-term value creation, and will continue to execute our balanced approach to capital allocation."