Griffon Co. Plans Quarterly Dividend of $0.07 (NYSE:GFF)

Griffon Co. (NYSE:GFF) announced a quarterly dividend on Wednesday, January 31st, RTT News reports. Stockholders of record on Thursday, February 22nd will be paid a dividend of 0.07 per share by the conglomerate on Thursday, March 22nd. This represents a $0.28 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Wednesday, February 21st.

Griffon has increased its dividend payment by an average of 24.4% annually over the last three years and has increased its dividend annually for the last 7 consecutive years.

Griffon (NYSE:GFF) traded down $0.20 during trading hours on Wednesday, reaching $19.30. 158,686 shares of the company were exchanged, compared to its average volume of 129,264. Griffon has a 12 month low of $17.60 and a 12 month high of $25.15. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.92 and a quick ratio of 2.06. The stock has a market capitalization of $949.34, a PE ratio of 25.32 and a beta of 1.39.

Griffon (NYSE:GFF) last posted its earnings results on Wednesday, January 31st. The conglomerate reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.08). The firm had revenue of $437.30 million for the quarter. Griffon had a net margin of 1.83% and a return on equity of 7.94%.

In related news, Director Louis J. Grabowsky acquired 2,500 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were acquired at an average cost of $18.33 per share, with a total value of $45,825.00. Following the completion of the acquisition, the director now directly owns 32,594 shares in the company, valued at approximately $597,448.02. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 24.80% of the stock is currently owned by company insiders.

Separately, Sidoti assumed coverage on shares of Griffon in a research note on Friday, March 9th. They issued a “buy” rating on the stock.

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Griffon Company Profile

Griffon Corporation is a management and holding company that conducts business through its subsidiaries. The Company operates through two segments: Home & Building Products (HBP) and Telephonics Corporation (Telephonics). The HBP segment consists of three companies: The AMES Companies, Inc (AMES), Clopay Building Products Company, Inc (CBP) and ClosetMaid LLC (ClosetMaid).

Dividend History for Griffon (NYSE:GFF)

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