Fortune Brands Home & Security (FBHS) will raise its quarterly dividend by 11.1 percent to $0.20 per share in the first quarter of 2018. This marks the fourth consecutive year of dividend increases by the home and security products provider.            

The dividend is payable on March 14, 2018, to stockholders of record as of the close of business on February 23, 2018. The new dividend yield for FBHS is 1.2%.

“In addition to organic growth, we use our strong cash flow and balance sheet to drive incremental shareholder value by investing in Fortune Brands’ businesses, pursuing accretive acquisitions, and returning cash to shareholders,” said Chris Klein, chief executive officer, Fortune Brands Home & Security. “Our increased dividend rate and new share repurchase authorization demonstrate our continued commitment to driving incremental shareholder value.”

Fortune Brands Home & Security, Inc. provides home and security products for use in residential home repair, remodeling, new construction, and security applications. The Company’s four operating segments are Cabinets, Plumbing, Doors and Security. Its trusted brands include more than a dozen core brands under MasterBrand Cabinets; Moen, Perrin & Rowe, Riobel, ROHL, Shaws and Victoria + Albert under the Global Plumbing Group (GPG); Therma-Tru entry door systems; and Master Lock and SentrySafe security products under The Master Lock Company.