Fortune Brands Innovations, Inc. (FBIN) to Distribute Quarterly Dividend of $0.26 on December 9th

Fortune Brands Innovations, Inc. (NYSE:FBIN) declared a quarterly dividend on Tuesday, September 29th. Investors of record on Friday, November 20th will be paid a dividend of $0.26 per share on Wednesday, December 9th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, November 20th.

Fortune Brands Innovations has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Fortune Brands Innovations has a payout ratio of 24.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Fortune Brands Innovations to earn $3.39 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 30.7%.

Fortune Brands Innovations Stock Performance

Shares of FBIN stock opened at $38.09 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.05 and a current ratio of 2.01. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 30.96, a P/E/G ratio of 1.70 and a beta of 1.30. Fortune Brands Innovations has a 52 week low of $32.34 and a 52 week high of $64.84. The firm’s 50-day simple moving average is $44.84 and its two-hundred day simple moving average is $42.99.

Fortune Brands Innovations (NYSE:FBIN) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.55. Fortune Brands Innovations had a net margin of 3.39% and a return on equity of 19.50%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. Fortune Brands Innovations’s revenue was down 4.1% on a year-over-year basis. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. As a group, equities analysts forecast that Fortune Brands Innovations will post 3.33 earnings per share for the current year.

About Fortune Brands Innovations

Fortune Brands Innovations, Inc is a manufacturer and marketer of products used in residential construction, renovation and outdoor living. The company operates a portfolio of brands focused on water, doors, outdoor living and home security products.

Its water-related products include faucets, showers and other plumbing fixtures marketed under brands such as Moen, House of Rohl, ROHL, Perrin & Rowe and Aqualisa. Its doors and outdoor living businesses offer entry doors, storm and screen doors, decking, railing, fencing and related building products through brands including Therma-Tru, Larson, Fiberon and Fypon.