Today, Fortune Brands (FO) announced a 4.8% year over year increase in the company's third quarter dividend. The new quarterly dividend of 44 cents per share compares to 42 cents per share in the same quarter last year.
- The 5-year historical dividend growth rate is approximately 6%.
- The estimated payout ratio increases to 40% based on year end 2008 estimated earnings of $4.37.
- The 5-year average payout ratio is approximately 30%.
- The company carries a S&P Quality Ranking of B.
(click on table/chart for larger image)
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