Fortune Brands Increases Quarterly Dividend From $0.23 To $0.24 Per Share
Portfolio Pulse from Benzinga Newsdesk
Fortune Brands Innovations, Inc. (NYSE:FBIN) has increased its quarterly cash dividend from $0.23 to $0.24 per common share, payable on March 13, 2024, to stockholders of record as of February 23, 2024. This increase reflects the Board's confidence in the company's long-term cash flow and commitment to shareholder value through investments, acquisitions, and cash returns.
December 12, 2023 | 2:15 pm
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Fortune Brands Innovations has raised its quarterly dividend to $0.24 per share, indicating a positive outlook on cash flow and a strategy to enhance shareholder value.
The increase in dividend is typically viewed as a positive signal about a company's financial health and future prospects. It suggests that Fortune Brands is confident in its ability to generate cash and is committed to returning value to shareholders. This can attract income-focused investors and potentially boost the stock price in the short term.
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