Griffon Corporation Declares Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Griffon Corporation (NYSE: GFF) declared a quarterly cash dividend of $0.10 per share, payable on December 16, 2022, to shareholders of record by the close of business on November 29, 2022. Griffon operates through subsidiaries across two main segments: Consumer and Professional Products and Home and Building Products. With a focus on tools, fans, storage solutions, and garage doors, Griffon aims for growth through acquisitions and resource management.

Positive

• Quarterly cash dividend of $0.10 per share reflects financial strength.
• Dividend payment scheduled for December 16, 2022, enhances investor returns.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- The Board of Directors of Griffon Corporation (NYSE: GFF) (the “Company” or “Griffon”) yesterday declared a regular quarterly cash dividend of $0.10 per share. The dividend is payable on December 16, 2022, to shareholders of record as of the close of business on November 29, 2022.

About Griffon Corporation
Griffon is a diversified management and holding company that conducts business through wholly-owned subsidiaries. Griffon oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures. Griffon provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as in connection with divestitures. In order to further diversify, Griffon also seeks out, evaluates and, when appropriate, will acquire additional businesses that offer potentially attractive returns on capital.

Griffon conducts its operations through two reportable segments:

• Consumer and Professional Products (“CPP”) is a leading North American manufacturer and a global provider of branded consumer and professional tools; residential, industrial and commercial fans; home storage and organization products; and products that enhance indoor and outdoor lifestyles. CPP sells products globally through a portfolio of leading brands including AMES, since 1774, Hunter, since 1886, True Temper, and ClosetMaid.
• Home and Building Products conducts its operations through Clopay. Founded in 1964, Clopay is the largest manufacturer and marketer of garage doors and rolling steel doors in North America. Residential and commercial sectional garage doors are sold through professional dealers and leading home center retail chains throughout North America under the brands Clopay, Ideal, and Holmes. Rolling steel door and grille products designed for commercial, industrial, institutional, and retail use are sold under the Cornell and Cookson brands.

For more information on Griffon and its operating subsidiaries, please see the Company’s website at www.griffon.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221117005316/en/

Company:

Brian G. Harris

SVP & Chief Financial Officer

Griffon Corporation

(212) 957-5000

Investor Relations:

Michael Callahan

Managing Director

ICR Inc.

(203) 682-8311

Source: Griffon Corporation

FAQ

What is the dividend amount declared by Griffon Corporation (GFF)?

Griffon Corporation declared a quarterly dividend of $0.10 per share.

When will the dividend for GFF be paid?

The dividend will be paid on December 16, 2022.

What is the record date for the dividend payment for GFF?

The record date for the dividend payment is November 29, 2022.

What are the main business segments of Griffon Corporation (GFF)?

Griffon operates through Consumer and Professional Products and Home and Building Products segments.