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Whirlpool's 4.7% Dividend Is Tempting But It's Still Too Early

Jan. 05, 2023 7:04 PM ETWhirlpool Corporation (WHR)6 Comments
Wyo Investments profile picture
Wyo Investments


  • Whirlpool is currently trading at a historically attractive yield and valuation.
  • The company has historically performed poorly in recessionary periods and could have room to fall.
  • Dividend growth investors could get a head start on yield but should have muted dividend growth expectations.

A young man looking at washing machines in an appliance store.

Marc Beresford/DigitalVision via Getty Images

Whirlpool (NYSE:WHR) is a manufacturer of home appliances that often comes up in dividend growth screens. Over the past year, the stock has fallen to a relatively low valuation. In turn, the dividend yield has increased with

This article was written by

Wyo Investments profile picture
I spent 20 years in the natural resource sector in project development, project management, and business development. I typically invest in dividend growth stocks, although I do have an large investment property portfolio. In the past I have invested using momentum strategies, option strategies, and focused on growth stocks. However in 2009 I converted almost entirely to dividend growth investing as I found this was most in line with my investing goals, and allowed me to sleep easy at night! While I "retired" at 42, so I could be home to take my daughter to school, pick her up, and attend her events every day.  My many areas of investing allowed me to do this relatively comfortably, although time will tell if I stay retired. UPDATE: I recently accepted a position, not because I had to, but because I wanted to. It's amazing the difference work is when you are choosing to be there, rather than having to work.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (6)

Whirlpool plunked down $3 billion in cash for garbage disposal business InSinkErator. never heard of InSinkErator, plumbers around the U.S. are very much aware of the brand, which is known for its durability and quality. InSinkErator has commanded an almost unbelievable market share of over 70%.Whirlpool expects the deal to add $1.25 in earnings per share in 2023
OverTheHorizon profile picture
Probably wait on that new washer dryer combo:
@OverTheHorizon I made a lot of money buying select consumer discretionary in the summer when the talking heads and so called "analyst's" said to stay away.
Wyo Investments profile picture
@benet1800 I have been amazed at how well the TSCO, BBY, and HD, I picked up over the summer have done. While I'm happy for the gains, I think there is a good chance we hit or exceed those lows again.
Thanks for the well balanced article. I bought a chunk at the 5% yield and I hope it goes down more , like 15%, so I can buy more. The possibility of a Div freeze is speculation and even if there is, I’m locked in at a 5% yield. I just like this company. I think there is room for capital appreciation as well and Insinkerator will add a little as well . My only concern is the added debt, about 7 years if LTD which needs to be paid down and this could be a tough environment to do that in a timely manner. otherwise, sound fundamentals. Thanks again.
Wyo Investments profile picture
@benet1800 Thanks for reading! I don't think 5% is a bad entry point for a long term investor. There is the potential for a lot of pain in the short term though. Best of luck!
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