Griffon Corp. (GFF) To Go Ex-Dividend on December 1st
Griffon Corp. (NYSE:GFF) announced a quarterly dividend on Wednesday, November 16th. Stockholders of record on Monday, December 5th will be given a dividend of 0.06 per share on Thursday, December 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, December 1st. This is a boost from Griffon Corp.’s previous quarterly dividend of $0.05.
Shares of Griffon Corp. (NYSE:GFF) opened at 24.15 on Friday. Griffon Corp. has a 12-month low of $13.45 and a 12-month high of $24.20. The stock has a market cap of $974.26 million, a PE ratio of 35.51 and a beta of 1.45. The stock’s 50 day moving average is $18.11 and its 200-day moving average is $17.17.
Griffon Corp. (NYSE:GFF) last announced its quarterly earnings data on Wednesday, November 16th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Griffon Corp. had a net margin of 1.53% and a return on equity of 8.76%. The company earned $501 million during the quarter, compared to analyst estimates of $490.84 million. During the same quarter last year, the business posted $0.23 EPS. Equities analysts expect that Griffon Corp. will post $0.91 EPS for the current year.
Separately, Sidoti downgraded shares of Griffon Corp. from a “buy” rating to a “neutral” rating in a research report on Thursday, November 17th.
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Griffon Corp. Company Profile
Griffon Corporation is a management and holding company that conducts business through its subsidiaries. The Company operates through three segments: Home & Building Products (HBP), Telephonics Corporation (Telephonics) and Clopay Plastic Products Company, Inc (PPC). The HBP segment consists of two companies: The AMES Companies, Inc (AMES) and Clopay Building Products Company, Inc (CBP).
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