DEERFIELD, Ill.--(BUSINESS WIRE)--Dec. 11, 2018--
Fortune Brands Home & Security, Inc. (NYSE: FBHS), an industry-leading
home and security products company, today announced that its Board of
Directors declared a quarterly cash dividend of $0.22 per common share
on December 10, 2018. The dividend is payable on March 13, 2019, to
stockholders of record as of the close of business on February 22, 2019.
The 10 percent increase in the quarterly dividend, from $0.20 to $0.22,
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.
“This represents the sixth consecutive year of a double digit increase
in our dividend rate. We are continuing to deliver profitable growth and
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.
About Fortune Brands
Fortune Brands Home & Security, Inc. (NYSE: FBHS), headquartered in
Deerfield, Ill., creates products and services that fulfill the dreams
of homeowners and help people feel more secure. The Company's operating
segments are Plumbing, Cabinets, and Doors & Security. Its trusted
brands include Moen, Perrin & Rowe, Riobel, Rohl, Shaws and Victoria +
Albert under the Global Plumbing Group (GPG); more than a dozen core
brands under MasterBrand Cabinets; Therma-Tru entry door systems,
Fiberon outdoor performance materials, and Master Lock and SentrySafe
security products in the Doors & Security segment. Fortune Brands holds
market leadership positions in all of its segments. Fortune Brands is
part of the S&P 500 Index. For more information, please visit www.FBHS.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181211005775/en/
Source: Fortune Brands Home & Security, Inc.
INVESTOR and MEDIA CONTACT:
Kaveh Bakhtiari
847-484-4573
kaveh.bakhtiari@FBHS.com
