Dividend Policy at Whirlpool

In compliance with the “Listing Regulations” specified by the Securities Exchange Board of India (SEBI) on July 8, 2016, the Board of Whirlpool announced their Dividend Distribution Policy on November 3, 2016. In the policy statement, the Board announced that their top priority was to utilize the profits to meet business requirements, undertake capital expenditure for expansion and diversification, and earmark the cash to meet potential inorganic growth opportunities . It was only after giving due consideration to these aspects that a decision on payment of dividend could be considered, the Board specified in the policy statement. ....