Griffon Corporation Declares Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Griffon Corporation (NYSE: GFF) declared a quarterly cash dividend of $0.09 per share. This dividend is payable on September 15, 2022, to shareholders recorded as of the close on August 18, 2022. Griffon is a diversified management company operating through wholly-owned subsidiaries, focusing on consumer and professional products and home and building products. Its subsidiaries include recognized brands such as AMES, Hunter, and Clopay.

Positive

• Quarterly cash dividend declared at $0.09 per share.
• Dividend payment date set for September 15, 2022.
• Strong brand presence in consumer and professional tools market.

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 $0.09 per share. The dividend is payable on September 15, 2022 to shareholders of record as of the close of business on August 18, 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 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 CornellCookson brand.

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/20220728005339/en/

Company Contact:

Brian G. Harris

SVP & Chief Financial Officer

Griffon Corporation

(212) 957-5000

Investor Relations Contact:

Michael Callahan

Managing Director

ICR Inc.

(203) 682-8311

Source: Griffon Corporation

FAQ

What is the dividend amount announced by Griffon Corporation for GFF?

Griffon Corporation announced a quarterly cash dividend of $0.09 per share for GFF.

When is the dividend for Griffon Corporation due to be paid?

The dividend is payable on September 15, 2022.

What is the record date for the dividend payment of Griffon Corporation?

The record date for the dividend payment is August 18, 2022.

How often does Griffon Corporation pay dividends?

Griffon Corporation regularly pays quarterly dividends.

What businesses does Griffon Corporation operate?

Griffon Corporation operates through two segments: Consumer and Professional Products, and Home and Building Products.