Whirlpool Corp. (WHR) on Tuesday declared a 25% increase in the quarterly dividend on the its common stock to $0.625 per share from $0.50 per share.
The dividend is payable on June 15 to shareholders of record on May 17.
"Our actions have delivered a strong financial position enabling us to enhance returns to shareholders through a dividend increase," said Jeff Fettig, chairman and chief executive officer of Whirlpool. "This dividend increase underscores our confidence that our long-term growth and innovation strategy will continue to create value for our shareholders."
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