Fortune Brands Home & Security, Inc. Increases Quarterly Dividend, Payable on March 14, 2018
December 11, 2017 at 08:00 am EST
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Fortune Brands Home & Security, Inc. announced that on December 8, 2017, its Board of Directors declared a quarterly cash dividend of $0.20 per common share. The dividend is payable on March 14, 2018, to stockholders of record as of the close of business on February 23, 2018. The 11% increase in the quarterly dividend, from $0.18 to $0.20, represents the fifth consecutive year, the company has had a double digit increase in its dividend rate.
Fortune Brands Innovations, Inc. is a home, security and commercial building products company. The Company has three segments. Water Innovations segment manufactures or assembles and sells faucets, accessories, kitchen sinks and waste disposal, predominantly under the Moen, ROHL, Riobel, Victoria+Albert, Aqualisa and Shaws brands. Outdoors segment manufactures and sells fiberglass and steel entry door systems, storm, screen and security doors, composite decking, railing and cladding under the Fiberon brand, urethane millwork under the Fypon brand, and wide-opening exterior door systems and outdoor enclosures under the Solar Innovations brand. Security segment manufactures, sources and distributes locks, safety and security devices, and electronic security products and fire-resistant safes and security containers. The Company, through SpringWell Water Filtration Systems, provides residential whole-home water filtration and water softening solutions via direct-to-consumer channels.
FORTUNE BRANDS INNOVATIONS, INC. 
