Fly News Breaks for December 6, 2019
Dec 6, 2019 | 05:20 EDT
Goldman Sachs analyst Susan Maklari initiated coverage of Whirlpool with a Buy rating and $165 price target. With North America appliance pricing and promotions remain a key topic for investors, Whirlpool management's "newly-found" discipline shows signs of staying power as it re-builds profitability, Maklari tells investors in a research note. Further, Whirlpool is expected to lock in favorable steel pricing at the end of 2019, adds the analyst, who views the stock's valuation as attractive.
News For WHR From the Last 2 Days
Apr 19, 2021 | 18:46 EDT
The board of directors of Whirlpool has authorized an additional $2B share repurchase program. The new authorization is in addition to the $531M unused portion of the previous program as of December 31, 2020. The company's board of directors also approved a 15c increase in the quarterly dividend on the company's common stock to $1.40 per share from $1.25 per share. The dividend is payable June 15 to stockholders of record at the close of business on May 21.