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.
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