Whirlpool Establishes New Series A Mandatory Convertible Preferred

Whirlpool ( (WHR) ) has issued an announcement.

On February 27, 2026, Whirlpool filed a Certificate of Designations in Delaware establishing the terms of its new Series A mandatory convertible preferred stock, including dividend, conversion, voting and liquidation rights. The preferred shares carry an 8.50% annual dividend on a $1,000 liquidation preference, dividends payable quarterly beginning May 15, 2026, and automatic conversion into common stock around February 15, 2029, with depositary shares representing fractional interests.

These terms underpin a strategic recapitalization announced on February 23, 2026, in which Whirlpool launched concurrent public offerings of common stock and depositary shares targeting $800 million in gross proceeds. The company plans to use the funds to pay down its revolving credit facility and support vertical integration and automation investments, a move aimed at accelerating deleveraging while funding operational efficiency and long-term growth initiatives.

The most recent analyst rating on (WHR) stock is a Sell with a $68.00 price target. To see the full list of analyst forecasts on Whirlpool stock, see the WHR Stock Forecast page.

Spark’s Take on WHR Stock

According to Spark, TipRanks’ AI Analyst, WHR is a Neutral.

The score is held back primarily by weak financial performance (revenue decline, thin margins, high leverage, and modest cash generation) and bearish technicals (trading below key moving averages with negative momentum). Valuation helps via a high dividend yield and reasonable P/E, and the earnings call added some support through clear 2026 improvement targets and deleveraging plans, but near-term tariff and demand risks temper confidence.

To see Spark’s full report on WHR stock, click here.

More about Whirlpool

Whirlpool Corporation is a leading home appliance manufacturer specializing in kitchen and laundry products, with a portfolio of brands including Whirlpool, KitchenAid, JennAir, Maytag, Amana, Brastemp, Consul and InSinkErator. In 2025, the company generated about $16 billion in net sales, nearly 90% from the Americas, and operated with 41,000 employees and 35 manufacturing and technology research centers.

Average Trading Volume: 1,748,434

Technical Sentiment Signal: Sell

Current Market Cap: $4.05B

For detailed information about WHR stock, go to TipRanks’ Stock Analysis page.