Ex-Dividend Date Insight: Fortune Brands Home

On July 23, 2021, Fortune Brands Home FBHS declared a dividend payable on September 15, 2021 to its shareholders. Fortune Brands Home also announced that shareholders on the company's books on or before August 27, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Fortune Brands Home has an ex-dividend date set for for August 26, 2021. The company's current dividend payout is $0.26, which equates to a dividend yield of 1.08% at current price levels.

The Significance Of Ex-Dividend Dates

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Fortune Brands Home's Dividend Payouts And Yields

Over the past year, Fortune Brands Home has seen its dividend payouts climb upward and its yields trend downward. Last year on August 27, 2020 the company's payout sat at $0.24, which has since increased by $0.02. Fortune Brands Home's dividend yield last year was 1.48%, which has since decreased by 0.4%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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