Fortune Brands Home & Security, Inc. has announced that it is rewarding shareholders in the form of a hike in the quarterly dividend rate. This increment marks the company’s 6th consecutive year of a dividend rate increase in double digits.
We believe that such shareholder-friendly policies reflect the company’s strong cash position and its commitment toward returning high value to shareholders.
Inside the Headlines
As revealed, Fortune Brands’ board of directors approved 10% or 2 cents per share hike in the quarterly dividend rate, which now moved from 20 cents to 22 cents. On an annualized basis, the dividend increased to 88 cents from 80 cents per share.
Fortune Brands will pay the revised dividend on Mar 13, 2019, to shareholders of record as of Feb 22.
Sound Shareholder-Friendly Policies
Fortune Brands firmly believes in rewarding shareholders handsomely through dividend payments. Over the last five years (2013-2017), the company hiked the dividend rate every year, increasing the annual rate of 30 cents in 2013 to 72 cents in 2017.
Further, the company paid a cash dividend of 78 cents per share or approximately $113 million in cash to its shareholders in the first nine months of 2018.
Zacks Rank & Stocks to Consider
With a market capitalization of $5.9 billion, Fortune Brands currently carries a Zacks Rank #4 (Sell). Weakness in security operations, rising cost of sales, high freight charges and huge debt levels seem to be the prime concerning factors.
Weak sentiments toward the stock can also be seen from the downward revision in earnings estimates for 2018 and 2019. The Zacks Consensus Estimate for earnings per share is currently pegged at $3.43 for 2018 and $3.86 for 2019, reflecting the decline of 5.8% and 7% from the respective tallies 60 days ago.
Fortune Brands Home & Security, Inc. Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Fortune Brands Home & Security, Inc. has announced that it is rewarding shareholders in the form of a hike in the quarterly dividend rate. This increment marks the company’s 6th consecutive year of a dividend rate increase in double digits.
We believe that such shareholder-friendly policies reflect the company’s strong cash position and its commitment toward returning high value to shareholders.
Inside the Headlines
As revealed, Fortune Brands’ board of directors approved 10% or 2 cents per share hike in the quarterly dividend rate, which now moved from 20 cents to 22 cents. On an annualized basis, the dividend increased to 88 cents from 80 cents per share.
Fortune Brands will pay the revised dividend on Mar 13, 2019, to shareholders of record as of Feb 22.
Sound Shareholder-Friendly Policies
Fortune Brands firmly believes in rewarding shareholders handsomely through dividend payments. Over the last five years (2013-2017), the company hiked the dividend rate every year, increasing the annual rate of 30 cents in 2013 to 72 cents in 2017.
Further, the company paid a cash dividend of 78 cents per share or approximately $113 million in cash to its shareholders in the first nine months of 2018.
Zacks Rank & Stocks to Consider
With a market capitalization of $5.9 billion, Fortune Brands currently carries a Zacks Rank #4 (Sell). Weakness in security operations, rising cost of sales, high freight charges and huge debt levels seem to be the prime concerning factors.
Weak sentiments toward the stock can also be seen from the downward revision in earnings estimates for 2018 and 2019. The Zacks Consensus Estimate for earnings per share is currently pegged at $3.43 for 2018 and $3.86 for 2019, reflecting the decline of 5.8% and 7% from the respective tallies 60 days ago.
Fortune Brands Home & Security, Inc. Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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