Griffon Corp (GFF) Raises Quarterly Dividend 25% to $0.05; 1.2% Yield

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Go back to Griffon Corp (GFF) Raises Quarterly Dividend 25% to $0.05; 1.2% Yield

Griffon Corporation Announces Fourth Quarter and Annual Results

November 12, 2015 4:07 PM EST

NEW YORK--(BUSINESS WIRE)-- Griffon Corporation (Griffon or the Company) (NYSE: GFF) today reported results for the fourth quarter and fiscal year ended September 30, 2015.

Fourth quarter revenue totaled $502 million, decreasing 4% from the prior year quarter; excluding the impact of foreign currency, revenue increased 1%. Telephonics Corporation ("Telephonics") revenue increased 9% over the prior year quarter, while Home & Building Products (HBP) and Clopay Plastic Products Company, Inc. (PPC) revenue decreased 4% and 15%, respectively.

For the current quarter, Segment adjusted EBITDA totaled $55.4 million, increasing 8% from the prior year quarter of $51.3 million. Excluding the impact of foreign currency of $2.5 million, Segment adjusted... More

Griffon Corporation Declares Quarterly Dividend

November 12, 2015 4:05 PM EST

NEW YORK--(BUSINESS WIRE)-- The Board of Directors of Griffon Corporation (NYSE: GFF) (the Company or Griffon) declared a regular quarterly cash dividend of $0.05 per share, a 25% increase over the prior quarter. The dividend is payable on December 23, 2015 to shareholders of record as of the close of business on December 3, 2015.

About Griffon Corporation

Griffon Corporation is a diversified management and holding company conducting business through wholly-owned... More