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Whirlpool’s 70-Year Dividend Streak Breaks as Stock Sinks on Deep Profit Cut
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Whirlpool’s 70-Year Dividend Streak Breaks as Stock Sinks on Deep Profit Cut
Whirlpool shares closed at $44.96 Friday, their lowest in over 14 years, after suspending its dividend and cutting its 2026 profit outlook. First-quarter net sales fell 9.6% to $3.27 billion, with a GAAP loss of $85 million. The company is raising prices and cutting costs as weak U.S. demand and high borrowing costs hit results. Whirlpool now expects 2026 net sales of about $15 billion and ongoing earnings of $3.00 to $3.50 per share. The post W…
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