- Fortune Brands Home & Security Inc FBHS, a home and security products company, said its Board of Directors authorized the repurchase of up to $400 million of shares of common stock.
- The company will repurchase shares over the next two years, and the authorization will be in effect until July 23, 2023.
- The authorization is in addition to the $306 million remaining from prior authorization expiring on September 21, 2022.
- Additionally, on July 23, 2021, the Board declared a quarterly cash dividend of $0.26 per common share, payable on September 15, 2021, to stockholders of record on August 27, 2021.
- Price action: FBHS shares are trading lower by 0.79% at $97.39 on the last check Monday.
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