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Whirlpool Hikes Dividend; To Buy Back Addl $2 Bln Of Shares

Whirlpool Corp. (WHR) said that its board approved a $0.15 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, 2021, to stockholders of record at the close of business on May 21, 2021.

The company's board also authorized an additional $2 billion share repurchase program. The new authorization is in addition to the $531 million unused portion of the previous program as of December 31, 2020.

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