Griffon Corporation Declares Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Griffon Corporation (NYSE: GFF) has declared a quarterly cash dividend of $0.10 per share. This dividend will be payable on March 23, 2023, to shareholders holding shares as of the close of business on February 23, 2023. Griffon operates through two segments: Consumer and Professional Products, a leading manufacturer of tools and home products, and Home and Building Products, which includes Clopay, the largest garage door manufacturer in North America. This dividend declaration highlights the company's commitment to returning value to shareholders.

Positive

• Quarterly cash dividend of $0.10 per share declared.
• Dividend payable on March 23, 2023, indicating strong cash flow.
• Griffon's diversified operations enhance business stability.

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 March 23, 2023, to shareholders of record as of the close of business on February 23, 2023.

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/20230131005436/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 declared by Griffon Corporation on February 2023?

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

When is the dividend payment date for Griffon Corporation?

The dividend payment date is March 23, 2023.

Who are the shareholders eligible for the dividend from Griffon Corporation?

Shareholders of record as of February 23, 2023, are eligible for the dividend.

How often does Griffon Corporation declare dividends?

Griffon Corporation has a regular practice of declaring quarterly dividends.