Griffon Corporation Declares Quarterly Dividend

Rhea-AI Summary

Griffon Corporation (NYSE: GFF) declares a regular quarterly cash dividend of $0.125 per share, payable on September 14, 2023. Shareholders of record as of August 23, 2023, will receive the dividend. This announcement reflects the company's commitment to rewarding shareholders and maintaining financial stability.

Positive

• The declaration of a regular quarterly cash dividend demonstrates Griffon Corporation's commitment to providing returns to its shareholders, enhancing investor confidence and potentially attracting new investors looking for stable income-generating stocks.

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 $0.125 per share. The dividend is payable on September 14, 2023, to shareholders of record as of the close of business on August 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:

• 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.
• 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.

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/20230801660309/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 ticker symbol of Griffon Corporation?

The ticker symbol of Griffon Corporation is GFF.

When is the dividend payable?

The dividend is payable on September 14, 2023.

How much is the quarterly cash dividend per share?

The quarterly cash dividend is $0.125 per share.

When is the record date for shareholders to receive the dividend?

Shareholders of record as of the close of business on August 23, 2023, will receive the dividend.