US: Fortune Brands lines up dividend payout

By | 26 January 2007

Fortune Brands has declared its latest dividend payment.

The US consumer goods group said yesterday (25 January) that it will pay a regular dividend of US$0.39 per share on common stock. The payment will be made on 1 March to stockholders of record on 7 February.

At the same time, Fortune will pay $0.6675 per share on its $2.67 convertible preferred stock. This will be paid on 10 March to those holding the shares on 7 February.

In October, Fortune, which owns drinks brands including Sauza Tequila and Courvoisier Cognac, reaffirmed its full-year earnings target following a strong performance in its third quarter. I

n the three months to 30 September, the group saw operating profit leap by 29% year-on-year to $379m on the back of a 23% jump in net sales to $2.2bn.

Sectors: Spirits, Wine

Companies: Fortune Brands

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