Does FBIN’s Modest Dividend Hike and Product Win Reveal Its Real Capital Allocation Priorities?
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Fortune Brands Innovations raised its quarterly dividend from $0.25 to $0.26 per share, reflecting confidence in cash flow and capital allocation. The company also received industry recognition for its Therma-Tru Veris Modern Grain entryway system, highlighting its focus on product innovation. These moves signal confidence in brand strength and cash flow but do not alter the key catalyst of a remodeling recovery amid a weak housing market. The narrative projects $5.2 billion revenue and $606 million earnings by 2028, with a fair value estimate of $62.56, a 23% upside.
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