Griffon Corp (GFF) Declares $2.00 Special Dividend; 7.3% Yield

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Griffon Corporation Declares $2.00 per Share Special Dividend and Announces Debt Repayment

June 27, 2022 4:10 PM EDT

NEW YORK--(BUSINESS WIRE)-- The Board of Directors of Griffon Corporation (NYSE: GFF) (the Company or Griffon) has declared a special cash dividend of $2.00 per share payable on July 20, 2022 to shareholders of record as of the close of business on July 8, 2022. The special dividend, combined with the three $0.09 quarterly dividends announced earlier this fiscal year, will result in total fiscal 2022 dividends paid of $2.27 per share through July 20, 2022.

In addition, Griffon has prepaid $300 million principal amount of its $800 million Term Loan B credit facility effective today, June 27, 2022. This prepayment permanently reduces the outstanding... More