Whirlpool Corporation Increases Quarterly Dividend 20% Based On Growth Opportunities And Value Creation

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Apr 20, 2015, 08:19 ET

BENTON HARBOR, Mich., April 20, 2015 /PRNewswire/ -- The board of directors of Whirlpool Corporation today declared a 20 percent increase in the quarterly dividend on the company's common stock to 90 cents per share from 75 cents per share. The dividend is payable June 15, 2015, to stockholders of record at the close of business on May 15, 2015.

"This dividend increase not only highlights our commitment to create value for shareholders, but also underlines Whirlpool Corporation's strong financial condition and confidence in our business going forward," said Jeff M. Fettig, chairman and chief executive officer of Whirlpool Corporation. "Our company has the most significant opportunities for growth and value creation in the next four years than we've ever had in our 103-year history. Through our multiple paths for profitable growth and consistently strong execution, we will continue to generate substantial value for our shareholders during the long term."

About Whirlpool Corporation
Whirlpool Corporation (NYSE: WHR) is the number one major appliance manufacturer in the world, with approximately $20 billion in annual sales, 100,000 employees and 70 manufacturing and technology research centers throughout the world in 2014. The company markets Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air, Indesit and other major brand names in more than 170 countries. Additional information about the company can be found at WhirlpoolCorp.com, or find us on Twitter at @WhirlpoolCorp.

Whirlpool Additional Information
This document contains forward-looking statements. Actual events or results may differ materially from those statements. 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, 2014, including the information set forth under the caption "Risk Factors."

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SOURCE Whirlpool Corporation