Fortune Brands Innovations, Inc. (NYSE:FBIN) to Issue $0.26 Quarterly Dividend

Fortune Brands Innovations, Inc. (NYSE:FBIN) announced a quarterly dividend on Monday, July 20th. Investors of record on Friday, August 21st will be given a dividend of 0.26 per share on Wednesday, September 9th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, August 21st.

Fortune Brands Innovations has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Fortune Brands Innovations has a dividend payout ratio of 24.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Fortune Brands Innovations to earn $3.60 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 28.9%.

Fortune Brands Innovations Stock Down 2.4%

Shares of Fortune Brands Innovations stock opened at $50.24 on Tuesday. The stock has a market capitalization of $5.99 billion, a P/E ratio of 22.33, a PEG ratio of 3.32 and a beta of 1.30. The company has a quick ratio of 1.04, a current ratio of 2.13 and a debt-to-equity ratio of 1.15. The stock has a 50 day moving average price of $43.43 and a two-hundred day moving average price of $46.67. Fortune Brands Innovations has a 12-month low of $32.34 and a 12-month high of $64.84.

Fortune Brands Innovations (NYSE:FBIN) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. Fortune Brands Innovations had a return on equity of 17.72% and a net margin of 6.12%.The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. Equities analysts expect that Fortune Brands Innovations will post 3.14 earnings per share for the current year.

About Fortune Brands Innovations

Fortune Brands Innovations (NYSE: FBIN), formerly known as Fortune Brands Home & Security, is a global leader in water innovations, specializing in the design, manufacturing and marketing of plumbing fixtures, fittings and related products. Headquartered in Deerfield, Illinois, the company leverages two iconic brands—Moen and House of Rohl—to deliver high-quality kitchen and bathroom solutions across residential and commercial markets. With a focus on performance, reliability and aesthetic design, FBIN’s portfolio spans faucets, showerheads, accessories and water filtration systems.

The company’s products are sold through a diversified network of retail partners, wholesale distributors and online channels across North America, Europe, Asia-Pacific and Latin America.