Looking For Growth And Income Give This One A Whirl

Chuck

“Why Whirlpool Could Rise 35% in the Next Year

Shares are cheap, yet it’s throwing off increasing cash for buybacks and dividend hikes.

By

ROBIN GOLDWYN BLUMENTHAL

July 15, 2017

Everyone knows that Whirlpool makes washers, dryers, dishwashers, ovens, and refrigerators. Yet few appreciate one of its best household helpers—it’s a cash machine for shareholders.

Despite coping with the aftermath of the U.S. housing crisis, price competition from South Korean rivals, and troubled markets like Brazil, Whirlpool (ticker: WHR) has more than doubled earnings since 2012 to what’s expected to be $15.10 a share this year. It’s on track to generate $1 billion of free cash flow in 2017, up from $630 million in 2016. The cash helped the company lift its payout in April, boosting its dividend yield to 2.3%, and to buy back $525 million in stock for 2016. Its shares offer a solid free-cash-flow yield of 7%.”

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Disclosure: No position at the time of writing.

Disclaimer: The opinions in this document are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned or to solicit transactions or clients. Past performance of the companies discussed may not continue and the companies may not achieve the earnings growth as predicted. The information in this document is believed to be accurate, but under no circumstances should a person act upon the information contained within. We do not recommend that anyone act upon any investment information.

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