- Fortune Brands Home & Security Inc (NYSE:FBHS), a home and security products company, said its Board of Directors authorized the repurchase of up to $400 million of shares of common stock.
- The company will repurchase shares over the next two years, and the authorization will be in effect until July 23, 2023.
- The authorization is in addition to the $306 million remaining from prior authorization expiring on September 21, 2022.
- Additionally, on July 23, 2021, the Board declared a quarterly cash dividend of $0.26 per common share, payable on September 15, 2021, to stockholders of record on August 27, 2021.
- Price action: FBHS shares are trading lower by 0.79% at $97.39 on the last check Monday.
B of A Securities Initiates Coverage On Surrozen with Buy Rating, Announces Price Target of $11
B of A Securities analyst Tazeen Ahmad initiates coverage on Surrozen (NASDAQ:SRZN) with a Buy rating and announces Price Target of $11.
