Griffon Corporation (NYSE:GFF) Announces Quarterly Dividend of $0.22

Griffon Corporation (NYSE:GFF) declared a quarterly dividend on Tuesday, November 18th. Stockholders of record on Friday, November 28th will be given 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 dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, November 28th. This is a 22.2% increase from Griffon’s previous quarterly dividend of $0.18.

Griffon has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Griffon has a dividend payout ratio of 11.3% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Up 3.5%

GFF traded up $2.37 on Wednesday, reaching $69.23. 812,643 shares of the company traded hands, compared to its average volume of 366,542. The company 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. The company has a quick ratio of 1.38, a current ratio of 2.70 and a debt-to-equity ratio of 22.58. Griffon has a one year low of $63.92 and a one year high of $86.73. The firm has a fifty day simple moving average of $74.90 and a two-hundred day simple moving average of $74.32.

Griffon (NYSE:GFF) last issued its earnings results on Wednesday, November 19th. The conglomerate reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.02). Griffon had a return on equity of 144.21% and a net margin of 2.78%.The company had revenue of $662.18 million for the quarter, compared to analysts’ expectations of $631.47 million. During the same period last year, the business posted $1.47 earnings per share. The business’s revenue was up .4% compared to the same quarter last year. Griffon has set its FY 2026 guidance at EPS. As a group, equities research analysts expect that Griffon will post 5.55 earnings per share for the current year.

Wall Street Analyst Weigh In

GFF has been the topic of several research reports. Zacks Research upgraded Griffon from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Robert W. Baird increased their price target on Griffon from $92.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Griffon in a report on Monday. Finally, Wall Street Zen lowered shares of Griffon from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $98.20.

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.