Griffon Corporation Declares Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Griffon Corporation (NYSE: GFF) has declared a quarterly cash dividend of $0.09 per share, payable on December 16, 2021, to shareholders on record as of November 29, 2021. This reflects the company's commitment to providing returns to its shareholders. Griffon operates through three segments: Consumer and Professional Products, Home and Building Products, and Defense Electronics, focusing on diverse markets including tools, garage doors, and defense solutions.

Positive

• Quarterly cash dividend of $0.09 per share declared.
• Dividend reflects company confidence in business sustainability.
• Diverse operational segments provide stability and growth potential.

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 December 16, 2021, to shareholders of record as of the close of business on November 29, 2021.

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 currently conducts its operations through three reportable segments:

• Consumer and Professional Products (“CPP”) conducts its operations through The AMES Companies, Inc. (“AMES”). Founded in 1774, AMES is the leading North American manufacturer and a global provider of branded consumer and professional tools and products for home storage and organization, landscaping, and enhancing outdoor lifestyles. CPP sells products globally through a portfolio of leading brands including True Temper, AMES, 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.
• Defense Electronics conducts its operations through Telephonics Corporation, founded in 1933, a globally recognized leading provider of highly sophisticated intelligence, surveillance and communications solutions for defense, aerospace and commercial customers.

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/20211116005827/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?

Griffon Corporation has declared a quarterly cash dividend of $0.09 per share.

When is the dividend payable for GFF?

The dividend is payable on December 16, 2021.

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

The record date for the dividend is November 29, 2021.

What sectors does Griffon Corporation operate in?

Griffon operates through three segments: Consumer and Professional Products, Home and Building Products, and Defense Electronics.

How does Griffon Corporation ensure business growth?

Griffon Corporation seeks and evaluates acquisition opportunities to enhance growth and returns on capital.