Fortune Brands Increases Quarterly Dividend for 8th Consecutive YearDecember 9th, 2020 by Editor
Home and security products company Fortune Brands Home & Security Inc., announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per common share. According to the company, that’s an 8% increase in the quarterly dividend, and represents the Board’s continued confidence in the Company’s long-term cash flow potential as well as its support of the Company’s broader strategy for utilizing free cash flow to build shareholder value.
“We have now increased our dividend rate for the eighth consecutive year. This is a testament to our solid execution of our strategies, strong cash flow generation and commitment to driving incremental shareholder value. We will continue to strategically use our strong balance sheet, capital structure and free cash flow as we drive our next phase of growth,” said Nicholas Fink, chief executive officer.
The dividend is payable in March 2021, to stockholders of record as of the close of business on February 26, 2021.