Fortune Brands Innovations (FBIN) announced that on December 9 its Board of Directors declared a quarterly cash dividend of 25c per common share. The dividend is payable on March 12 to stockholders of record as of the close of business on February 21. The increase in the quarterly dividend, from 24c to 25c, 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.
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