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

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

Fortune Brands Innovations has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 2 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 $3.39 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 Trading Down 0.0%

Shares of NYSE:FBIN opened at $38.42 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.01 and a quick ratio of 1.05. The company has a market cap of $4.59 billion, a P/E ratio of 31.24, a PEG ratio of 1.70 and a beta of 1.30. The stock’s fifty day moving average price is $45.08 and its 200-day moving average price is $43.03. Fortune Brands Innovations has a 1 year low of $32.34 and a 1 year high of $64.84.

Fortune Brands Innovations (NYSE:FBIN) last announced 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 firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the business posted $1.00 earnings per share. The business’s revenue for the quarter 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. Sell-side analysts expect that Fortune Brands Innovations will post 3.33 earnings per share for the current year.

About Fortune Brands Innovations

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.