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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