Fortune Brands Innovations, Inc. (NYSE:FBIN) Plans Quarterly Dividend of $0.26

Fortune Brands Innovations, Inc. (NYSE:FBIN) announced a quarterly dividend on Tuesday, September 29th. Stockholders 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 is Friday, November 20th.

Fortune Brands Innovations has raised its dividend 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. 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 $38.42 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 1.11. The company has a 50 day moving average price of $45.08 and a 200-day moving average price of $43.03. Fortune Brands Innovations has a 52 week low of $32.34 and a 52 week high of $64.84. The firm has a market capitalization of $4.59 billion, a PE ratio of 31.24, a P/E/G ratio of 1.70 and a beta of 1.30.

Fortune Brands Innovations (NYSE:FBIN) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.35 earnings per share for the quarter, beating 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 the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm earned $1.00 earnings per share. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. Fortune Brands Innovations has set its FY 2026 guidance at 3.220-3.520 EPS. As a group, equities research analysts expect that Fortune Brands Innovations will post 3.33 earnings per share for the current year.

Fortune Brands Innovations Company Profile

Fortune Brands Innovations, Inc (NYSE: FBIN) is a manufacturer and marketer of products used in residential, commercial and remodeling applications. The company focuses on improving the safety, functionality, design and outdoor living experience of buildings through a portfolio of branded products.

Its offerings include plumbing fixtures and related water products, including faucets, showers and other kitchen and bathroom solutions; entry-door systems and fiberglass and steel doors; decking and outdoor-living products; and security products such as locks, safes and connected access solutions.