Fortune Brands Increases Quarterly Dividend
December 10 2024 - 8:00AM
Business Wire
Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands”
or the “Company”), an industry-leading innovation company whose
purpose is to elevate every life by transforming spaces into
havens, today announced that on December 9, 2024, its Board of
Directors declared a quarterly cash dividend of $0.25 per common
share. The dividend is payable on March 12, 2025, to stockholders
of record as of the close of business on February 21, 2025.
The increase in the quarterly dividend, from $0.24 to $0.25,
represents the Board’s continued confidence in the Company’s
long-term cash flow potential and its support of the Company’s
broader strategy for utilizing free cash flow to build shareholder
value by investing in Fortune Brands’ businesses, pursuing
accretive acquisitions and returning cash to shareholders.
About Fortune Brands
Innovations
Fortune Brands Innovations, Inc. is an industry-leading
innovation company dedicated to creating smarter, safer and more
beautiful homes and improving lives. The Company’s driving purpose
is to elevate every life by transforming spaces into havens.
The Company is a brand, innovation and channel leader focused on
exciting, supercharged categories in the home products, security
and commercial building markets. The Company’s portfolio of brands
includes Moen, House of Rohl, Aqualisa, SpringWell, Therma-Tru,
Larson, Fiberon, Master Lock, SentrySafe and Yale residential.
Fortune Brands is headquartered in Deerfield, Illinois and
trades on the NYSE as FBIN. To learn more, visit www.FBIN.com.
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