Griffon Corporation Declares Quarterly Dividend

Rhea-AI Summary

Griffon (NYSE: GFF) declared a regular quarterly cash dividend of $0.15 per share, payable on June 20, 2024. Griffon is a diversified holding company overseeing subsidiaries specializing in home and building products and consumer and professional tools.

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 $0.15 per share. The dividend is payable on June 20, 2024 to shareholders of record as of the close of business on May 29, 2024.

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:

• Home and Building Products conducts its operations through Clopay Corporation (“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.
• Consumer and Professional Products (“CPP”) is a leading 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.

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/20240507235071/en/

Company:

Brian G. Harris

SVP & Chief Financial Officer

Griffon Corporation

(212) 957-5000

IR@griffon.com

Investor Relations:

Michael Callahan

Managing Director

ICR Inc.

(203) 682-8311

Source: Griffon Corporation

FAQ

When is Griffon 's dividend payable?

Griffon 's dividend of $0.15 per share is payable on June 20, 2024.

What are Griffon 's reportable segments?

Griffon operates through two reportable segments: Home and Building Products through Clopay , and Consumer and Professional Products (CPP).

How can I find more information about Griffon ?

For more information on Griffon and its operating subsidiaries, visit the Company's website at www.griffon.com.