Fortune Brands Innovations, Inc. (FBIN) To Go Ex-Dividend on May 22nd

Fortune Brands Innovations, Inc. (NYSE:FBIN) declared a quarterly dividend on Monday, May 4th. Investors of record on Friday, May 22nd will be paid a dividend of 0.26 per share on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, May 22nd.

Fortune Brands Innovations has raised its dividend payment by an average of 0.0%per year over the last three years and has increased 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. Equities research analysts expect Fortune Brands Innovations to earn $3.62 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 28.7%.

Fortune Brands Innovations Price Performance

Shares of Fortune Brands Innovations stock opened at $33.37 on Wednesday. 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 company has a market cap of $3.98 billion, a PE ratio of 14.83, a P/E/G ratio of 2.17 and a beta of 1.40. The business has a 50 day moving average of $39.64 and a 200 day moving average of $48.33. Fortune Brands Innovations has a 52 week low of $32.34 and a 52 week high of $64.84.

Fortune Brands Innovations (NYSE:FBIN) last announced its earnings results on Thursday, May 7th. The company reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. Fortune Brands Innovations had a return on equity of 17.72% and a net margin of 6.12%.The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 earnings per share. As a group, equities research analysts forecast 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.