Whirlpool Suspends Dividend Payment

Whirlpool is suspending its dividend payment until further notice. The American manufacturer cited a severe cash crunch as the reason for the move. The company has paid a dividend through 10 U.S. recessions and every global crisis since the 1950s. That record of uninterrupted payments now ends with the suspension.

Whirlpool maintained its dividend during multiple periods of economic stress over more than seven decades. These included recessions in the United States and various international crises. The decision to suspend the payment reflects current pressures on the company's liquidity. No specific timeline was provided for when the dividend might resume.

The cash crunch has reached a point that required halting the dividend. The company stated it would provide further updates as the situation develops.