Fortune Brands has confirmed details of its latest dividend payment.

The US company, which owns Beam Global Spirits & Wine, said yesterday (25 January) that it will pay US$0.19 per share on its common stock, on 1 March. Shareholders of record at the close of business on 9 February will qualify for the payment.

Fortune also declared a regular dividend of $0.6675 per share on its $2.67 convertible preferred stock, payable on 10 March, to stockholders of record on 9 February.

Late last year, Fortune announced that it will break up its three business units and will look to become "focused solely" on Beam Global.