Whirlpool climbs on reports

Investor's Business Daily

Shares of the leading maker of home appliances rose 3.4% to 122 on positive reports from Zacks, the Street and others after the company's recent 25% quarterly dividend hike, to 62.4 cents from 50 cents a share. The June 15 dividend will be the 121st successive quarterly payout for Whirlpool (WHR), a company known for its shareholder-friendly moves. Its stock price has soared 126% from a June 26 low of 54.08 and after Tue.'s move, it's trading well above both its 50- and 200-day averages.

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