Beam Increases Dividend 10%
Company Boosts Indicated Annual Rate to $0.90 from $0.82, Declares Regular
DEERFIELD, Ill. -- January 25, 2013
Beam Inc. (NYSE: BEAM), a leading global premium spirits company, today
announced that its board of directors approved a 10% increase in the indicated
annual dividend rate on the company’s common stock. The dividend will increase
8 cents per share to an annual rate of $0.90 (payable 22.5 cents per quarter)
from $0.82 per share (20.5 cents per quarter).
The company also declared a regular dividend for the first quarter of 22.5
cents per share, which will be payable on March 1, 2013 to shareholders of
record at the close of business on February 6, 2013.
“Even as Beam continues to see substantial high-return opportunities to build
our brands and create long-term shareholder value, we also return immediate
value to shareholders with an attractive dividend,” said Matt Shattock,
president and chief executive officer of Beam. “Our long-term target is to
sustain an earnings payout ratio of approximately 35-40%, and this
double-digit increase in the dividend reflects the Board’s and management’s
confidence in our prospects to deliver sustainable, profitable long-term
As previously announced, the company will report full-year results for 2012 on
Friday, February 1^st.
About Beam Inc.
As one of the world’s leading premium spirits companies, Beam is Crafting the
Spirits that Stir the World. Consumers from all corners of the globe call for
the company’s brands, including Jim Beam Bourbon, Maker's Mark Bourbon, Sauza
Tequila, Pinnacle Vodka, Canadian Club Whisky, Courvoisier Cognac, Teacher's
Scotch Whisky, Cruzan Rum, Hornitos Tequila, Knob Creek Bourbon, Laphroaig
Scotch Whisky, Kilbeggan Irish Whiskey, EFFEN Vodka, Pucker Flavored Vodka,
Larios Gin, Whisky DYC, DeKuyper Cordials, and Skinnygirl Cocktails. Beam is
focused on delivering superior performance with its unique combination of
scale with agility and a strategy of Creating Famous Brands, Building Winning
Markets and Fueling Our Growth.
Headquartered in Deerfield, Illinois, Beam is traded on the New York Stock
Exchange under the ticker symbol BEAM and is included in the S&P 500 Index and
the MSCI World Index. For more information on Beam, its brands, and its
commitment to social responsibility, please visit www.beamglobal.com and
This press release contains forward-looking statements, as that term is
defined in the Private Securities Litigation Reform Act of 1995. Readers are
cautioned that these forward-looking statements speak only as of the date
hereof, and the company does not assume any obligation to update, amend or
clarify them to reflect events, new information or circumstances occurring
after the date of this release. Actual results may differ materially from
those projected as a result of certain risks and uncertainties, including the
risks and uncertainties described from time to time in the Company's
Securities and Exchange Commission filings.
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