Home security company Fortune Brands Home & Security has chosen to maintain its quarterly dividend. A cash payout of $0.10 per common share will be payable on Sept. 18 to shareholders of record as of Aug. 29.
Fortune recently became a dividend stock, announcing its first dividend on April 30. The company was spun off from Fortune Brands in 2011. Its current payout is the same amount that it paid last quarter.
This dividend annualizes to $0.40 per share, yielding nearly 1% at yesterday's closing price.
The article Fortune Brands Home & Security Maintains Quarterly Dividend originally appeared on Fool.com.Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.