Fortune Brands Increases Quarterly Dividend for 9th Consecutive Year
Fortune Brands Home & Security (NYSE: FBHS) announced a quarterly cash dividend increase from $0.26 to $0.28 per common share, payable on March 16, 2022. The record date for shareholders is February 25, 2022. This increase demonstrates the Board's confidence in the company's long-term cash flow potential and strategic focus on building shareholder value through investments, acquisitions, and returned cash. Fortune Brands is a leader in the home and security products sector, with notable brands like Moen and Master Lock.
- Dividend increase from $0.26 to $0.28 per share reflects Board's confidence in long-term cash flow.
- Company's strategy focuses on shareholder value via investments and acquisitions.
- None.
The increase in the quarterly dividend, from
About Fortune Brands
The Company’s growing portfolio of complementary businesses and innovative brands include Moen and the
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains certain “forward-looking statements” that are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), regarding general business strategies, market potential, anticipated future financial performance, the potential of our brands and the housing market, and other matters. Statements preceded by, followed by or that otherwise include the words “believes”, “positioned”, “expects”, “estimates”, “plans”, “look to”, “outlook”, “intend”, and similar expressions or future or conditional verbs such as “will”, “should”, “would”, “may” and “could” are generally forward-looking in nature and not historical facts. Where, in any forward-looking statement, we express an expectation or belief as to future results or events, such expectation or belief is based on the current plans and expectations of our management. Although we believe that these statements are based on reasonable assumptions, they are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those indicated in such statements, including but not limited to general business and economic conditions; our reliance on the North American repair and remodel and new home construction activity levels; our reliance on key customers and suppliers; our ability to maintain our strong brands and to develop innovative products while maintaining our competitive positions; our ability to improve organizational productivity and global supply chain efficiency; our ability to obtain raw materials and finished goods in a timely and cost-effective manner; the impact of sustained inflation, including global commodity and energy availability and price volatility; the impact of trade-related tariffs and risks with uncertain trade environments or changes in government and industry regulatory standards; our ability to attract and retain qualified personnel and other labor constraints; the uncertainties relating to the impact of COVID-19 on the Company’s business and results; our ability to achieve the anticipated benefits of our strategic initiatives; our ability to successfully execute our acquisition strategy and integrate businesses that we have and may acquire; and the other factors discussed in our securities filings, including in Item 1A of our Annual Report on Form 10-K for the year ended
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INVESTOR CONTACT:
847-484-4573
Investor.Questions@fbhs.com
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