Home security company Fortune Brands Home & Security (NYSE:FBHS) has chosen to maintain its quarterly dividend. A cash payout of $0.10 per common share will be payable on Sept. 18 to shareholders of record as of Aug. 29.
Fortune recently became a dividend stock, announcing its first dividend on April 30. The company was spun off from Fortune Brands in 2011. Its current payout is the same amount that it paid last quarter.
This dividend annualizes to $0.40 per share, yielding nearly 1% at yesterday's closing price.