Griffon Declares Quarterly Dividend
The Board of Directors of Griffon Corporation (NYSE:GFF) declared a regular quarterly cash dividend of $0.04 per share, a 33% increase over the prior quarter. The dividend is payable on December 23, 2014 to shareholders of record as of the close of business on December 3, 2014.
About Griffon Corporation
Griffon Corporation (the “Company” or “Griffon”) is a diversified management and holding company conducting 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. Griffon also seeks out, evaluates and, when appropriate, will acquire additional businesses that offer potentially attractive returns on capital to further diversify itself.
Griffon currently conducts its operations through The AMES Companies, Inc. (“AMES”), Clopay Building Products Company, Inc. (“CBP”), Telephonics Corporation (“Telephonics”) and Clopay Plastic Products Company, Inc. (“Plastics”). CBP and AMES comprise the Home & Building Products operating segment.
- Home & Building Products is a leading manufacturer and marketer of residential, commercial and industrial garage doors to professional installing dealers and major home center retail chains, as well as a global provider of non-powered landscaping products that make work easier for homeowners and professionals.
- Telephonics designs, develops and manufactures high-technology, integrated information, communication and sensor system solutions for use in military and commercial markets worldwide.
- Plastics is an international leader in the development and production of embossed, laminated and printed specialty plastic films used in a variety of hygienic, health-care and industrial applications.
For more information on Griffon and its operating subsidiaries, please see the Company’s website at www.griffoncorp.com.
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