Griffon Corporation Declares Quarterly Dividend
NEW YORK--(BUSINESS WIRE)--Nov 13, 2019--
The Board of Directors of Griffon Corporation (NYSE: GFF) (the “Company” or “Griffon”) declared a regular quarterly cash dividend of $0.075 per share. The dividend is payable on December 19, 2019 to shareholders of record as of the close of business on November 27, 2019.
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 two reportable segments:
- Home & Building Products consists of two companies, The AMES Companies, Inc. (“AMES”) and Clopay Corporation (“Clopay”):
AMES, founded in 1774, is the leading North American manufacturer and a global provider of branded consumer and professional tools, landscaping products, and outdoor lifestyle solutions. In 2018, we acquired ClosetMaid, a leader in wood and wire closet organization, general living storage and wire garage storage products for homeowners and professionals.
Clopay is the largest manufacturer and marketer of garage doors and rolling steel doors in North America. Founded in 1964, Clopay sells residential and commercial sectional garage doors through professional dealers and leading home center retail chains throughout North America. In 2018, we acquired CornellCookson, a leading U.S. manufacturer and marketer of rolling steel door and grille products designed for commercial, industrial, institutional, and retail use.
- Defense Electronics consists of 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/20191113005810/en/
CONTACT: Griffon Corporation:
Brian G. Harris, 212-957-5000
SVP & Chief Financial Officer Investor Relations:
Michael Callahan, 203-682-8311
Managing Director, ICR Inc.
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: RETAIL DEFENSE OTHER CONSTRUCTION & PROPERTY HOME GOODS CONSTRUCTION & PROPERTY OTHER DEFENSE
SOURCE: Griffon Corporation
Copyright Business Wire 2019.
PUB: 11/13/2019 04:03 PM/DISC: 11/13/2019 04:03 PM