WHR Stock Recent News

Whirlpool is a leading appliance maker with $20 billion in annual revenues and a diverse portfolio of brands. The stock has recently plunged to near 52-week lows, creating a buying opportunity for investors. Whirlpool has a generous dividend yield of 6.5% and the potential for significant capital gains when interest rates decline.

For income seekers who can tolerate volatility, Whirlpool's yield over 6% is an attractive price point to initiate a position. After three years of share price decline, the worst is likely over, thanks to management's cost-cutting initiatives and priority to deleverage. WHR's record of paying a dividend for 68 years without a cut and ample cash flow imply a stable, safe dividend going forward.

Whirlpool Corporation's (WHR) portfolio of home appliances runs the gambit of consumer technology, from washers and dryers to refrigerators and a variety of other kitchen devices. Yahoo Finance Executive Editor Brian Sozzi is joined by Whirlpool CEO Marc Bitzer on the floor of the New York Stock Exchange to discuss the appliance maker's positioning around inflation and the US housing market squeeze.

Whirlpool's solid dividend history and yield of 6.3% surpass industry averages.

Marc Bitzer, Whirlpool CEO, joins 'Money Movers' to discuss Bitzer's upcoming message to investors, Whirlpool's plans to modify its business in Europe, and more.

This week, kitchen brand Whirlpool WHR announced they are joining forces with cooktop downdraft specialist BORA to introduce an induction downdraft cooktop line into the North American market. The news, announced on the eve of kitchen industry's annual trade show in the Las Vegas, marks the first time a major appliance brand has targeted an induction downdraft appliance lineup for the US and Canada.

Whirlpool's valuation is compelling, but it's going through a challenging period of weakening sales and margin pressure. A lower interest rate environment will encourage discretionary spending on household appliances.

Management's guidance for 2024 is underwhelming. The stock's valuation and dividend yield make it an attractive stock for housing market enthusiasts.

In trading on Tuesday, shares of Whirlpool were yielding above the 6% mark based on its quarterly dividend (annualized to $7), with the stock changing hands as low as $109.63 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return.

Shares in home appliance manufacturer Whirlpool Corporation (WHR) tumbled over 4% in pre-market trading Tuesday morning after the company fell short of Wall Street's full-year earnings and sales forecasts. The maker of Maytag washers and dryers said it expects 2024 earnings to range between $13 and $15 per share on sales of $16.9 billion.