BENTON HARBOR, Mich., April 19, 2021 /PRNewswire/ — Today the board of administrators of Whirlpool Company has authorized an supplemental $2 billion share repurchase software. The new authorization is in addition to the $531 million unused portion of the earlier software as of December 31, 2020.
The Firm’s board of directors also authorized a $.15 increase in the quarterly dividend on the Company’s popular inventory to $1.40 for every share from $1.25 per share. The dividend is payable June 15, 2021, to stockholders of document at the close of organization on Might 21, 2021.
“I am delighted to announce that we are growing our dividend for the ninth consecutive year and have permitted a significant enlargement of our share repurchase application,” mentioned Marc Bitzer, chairman and chief government officer of Whirlpool Corporation. “These actions emphasize the self confidence we have in our company to carry on producing potent ranges of hard cash and replicate our ongoing dedication to building strong shareholder value.”
About Whirlpool Company
Whirlpool Company (NYSE: WHR) is the world’s leading kitchen and laundry appliance corporation, with close to $19 billion in annual revenue, 78,000 employees and 57 producing and know-how research centers in 2020. The organization markets Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, Indesit and other main brand name names in practically just about every place throughout the globe. Further information and facts about the company can be uncovered at WhirlpoolCorp.com, or obtain us on Twitter at @WhirlpoolCorp.
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This document incorporates ahead-searching statements with regards to shareholder value development. True situations or outcomes might differ materially from those statements as a end result of several elements, which includes the firm’s means to execute on its quick-phrase and extended-phrase plans. For info about the elements that could bring about such variances, make sure you refer to our Yearly Report on Sort 10-K for the calendar year finished December 31, 2020, which includes the information set forth beneath the caption “Threat Components.”
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