Griffon Corporation (NYSE:GFF) to Issue Dividend Increase – $0.22 Per Share

Griffon Corporation (NYSE:GFF) announced a quarterly dividend on Tuesday, November 18th. Investors of record on Friday, November 28th will be paid a dividend of 0.22 per share by the conglomerate on Tuesday, December 16th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, November 28th. This is a 22.2% increase from Griffon’s previous quarterly dividend of $0.18.

Griffon has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Griffon has a payout ratio of 11.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Griffon to earn $6.44 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 11.2%.

Griffon Stock Performance

NYSE GFF traded up $2.37 during trading hours on Wednesday, reaching $69.23. The stock had a trading volume of 812,643 shares, compared to its average volume of 366,542. Griffon has a 52-week low of $63.92 and a 52-week high of $86.73. The stock has a fifty day moving average of $74.90 and a 200 day moving average of $74.32. The company has a debt-to-equity ratio of 22.58, a quick ratio of 1.38 and a current ratio of 2.70. The stock has a market cap of $3.22 billion, a P/E ratio of 51.66, a price-to-earnings-growth ratio of 1.02 and a beta of 1.14.

Griffon (NYSE:GFF) last announced its quarterly earnings data on Wednesday, November 19th. The conglomerate reported $1.54 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.02). The business had revenue of $662.18 million for the quarter, compared to analyst estimates of $631.47 million. Griffon had a net margin of 2.78% and a return on equity of 144.21%. The business’s revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.47 earnings per share. Griffon has set its FY 2026 guidance at EPS. Sell-side analysts predict that Griffon will post 5.55 earnings per share for the current year.

Griffon Company Profile

Griffon Corporation, through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally. The company operates through two segments: Home and Building Products, and Consumer and Professional Products. The Home and Building Products segment manufactures and markets residential and commercial sectional garage doors, rolling steel service doors, fire doors, shutters, steel security grilles, and room dividers for the use in commercial construction and repair, and home remodeling applications.