Fortune Brands, owner of Jim Beam,  has declared a dividend of US$0.44 per share for shareholders.

The dividend, payable in cash on 1 December, will be awarded to all those holding shares by the close of business on 12 November, Fortune said today (30 September).

The company also declared a regular dividend of almost $0.67 cents per share on the $2.67 Convertible Preferred Stock, payable in cash on 10 December.

Fortune, which owns spirits brands Jim Beam, Sauza and Canadian Club via its Beam Global Spirits & Wine business, also said today that president and CEO Bruce Carbonari would replace Norm Wesley as chairman, effective from 1 October.