DEERFIELD, Ill.--(BUSINESS WIRE)--
Fortune Brands Home & Security, Inc. (NYSE: FBHS), an industry-leading
home and security products company, today announced that its Board of
Directors has declared a quarterly cash dividend of $0.12 per common
share. The dividend is payable on March 19, 2014, to stockholders of
record as of the close of business on February 28, 2014. The 20 percent
increase in the quarterly dividend 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 our businesses, pursuing
accretive strategic acquisitions, and returning cash to shareholders.
"As we continue to leverage our structural competitive advantages to
deliver profitable growth in the recovering market, we are following
through on our commitment to use our strong balance sheet, capital
structure and free cash flow to drive incremental shareholder value,"
said Chris Klein, chief executive officer, Fortune Brands Home &
Security.
About Fortune Brands Home & Security, Inc.
Fortune Brands Home & Security, Inc. (NYSE: FBHS), headquartered in
Deerfield, Ill., creates products and services that help fulfill the
dreams of homeowners and help people feel more secure. The Company's
trusted brands include Master Lock security products, MasterBrand
cabinets, Moen faucets, Simonton windows and Therma-Tru entry door
systems. FBHS holds market leadership positions in all of its segments.
FBHS is part of the S&P MidCap 400 Index. For more information, please
visit www.FBHS.com.
Fortune Brands Home & Security, Inc.
Investor and Media Contact:
Brian
Lantz, 847-484-4574
brian.lantz@FBHS.com
Source: Fortune Brands Home & Security, Inc.
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