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 $0.14 per common
share. The dividend is payable on March 18, 2015, to stockholders of
record as of the close of business on February 27, 2015. The 17 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 Fortune Brands' businesses,
pursuing accretive 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
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 MasterBrand cabinets, Moen faucets, Therma-Tru
entry door systems, and Master Lock and SentrySafe security products.
Fortune Brands holds market leadership positions in all of its segments.
Fortune Brands 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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