Griffon Corp (GFF) Raises Quarterly Dividend 25% to $0.05; 1.2% Yield
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Griffon Corporation Announces Fourth Quarter and Annual Results
November 12, 2015 4:07 PM ESTNEW 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 ESTNEW 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
