Fortune Brands Declares Regular Dividend
September 27 2011 - 8:42AM
Business Wire
Fortune Brands, Inc. (NYSE:FO) today declared a regular dividend
of 19 cents per share on the Common Stock, payable in cash on
December 1, 2011, to stockholders of record at the close of
business November 9, 2011. Fortune Brands anticipates completing
the previously announced separation of its businesses – and
changing its name to Beam Inc. – after the close of business on
October 3, 2011. Accordingly, the dividend declared today will be
paid to eligible shareholders of Beam (NYSE:BEAM), the remaining
company.
The company also declared a regular dividend of 66.75 cents per
share on the $2.67 Convertible Preferred Stock, payable in cash on
December 10, 2011, to stockholders of record at the close of
business November 9, 2011.
Fortune Brands, Inc. is a leading consumer brands company. Its
operating companies have premier brands and leading market
positions in distilled spirits and home and security products. The
major spirits brands of Beam Global Spirits & Wine, Inc.
include Jim Beam and Maker's Mark bourbon, Sauza tequila, Canadian
Club whisky, Courvoisier cognac, Cruzan rum, Teacher's and
Laphroaig Scotch, EFFEN vodka, Skinnygirl cocktails and DeKuyper
cordials. The brands of Fortune Brands Home & Security LLC
include Moen faucets, Aristokraft, Omega, Diamond and Kitchen Craft
cabinetry, Therma-Tru door systems, Simonton windows, Master Lock
security products and Waterloo storage and organization products.
Fortune Brands, headquartered in Deerfield, Illinois, is traded on
the New York Stock Exchange under the ticker symbol FO and is
included in the S&P 500 Index and the MSCI World Index.
The proposed separation of Fortune Brands' companies remains
subject to the execution of intercompany agreements and
finalization of other related matters. There can be no assurance
that the separation will be completed in the anticipated timeframe
or at all.
To receive company news releases by e-mail, please visit
www.fortunebrands.com.
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