Whirlpool (NYSE:WHR) is keeping true to its existing dividend policy. The company has declared a quarterly common stock distribution of $0.625 per share, to be paid on September 15 to shareholders of record as of August 30. That amount matches the firm's previous disbursement, which was paid in June. Previous to that, Whirlpool dispensed $0.50 per share.
One of the sturdier dividend payers on the market, the company has been paying a distribution since March 1972.
The just-declared dividend annualizes to $2.50 per share. That yields 1.9% at Whirlpool's most recent closing stock price of $134.25.
Fool contributor Eric Volkman has no position in Whirlpool. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.