Griffon Corp. Declares Quarterly Dividend of $0.03 (GFF)
Griffon Corp. (NYSE:GFF) announced a quarterly dividend on Thursday, May 1st, Stock Ratings Network reports. Shareholders of record on Friday, May 23rd will be paid a dividend of 0.03 per share on Thursday, June 26th. This represents a $0.12 annualized dividend and a dividend yield of 1.14%.
On the ratings front, analysts at TheStreet downgraded shares of Griffon Corp. from a “buy” rating to a “hold” rating in a research note on Friday, February 28th.
Griffon Corp. (NYSE:GFF) traded down 1.03% during mid-day trading on Thursday, hitting $10.53. 309,721 shares of the company’s stock traded hands. Griffon Corp. has a 1-year low of $9.78 and a 1-year high of $14.34. The stock’s 50-day moving average is $11.64 and its 200-day moving average is $12.58. The company has a market cap of $555.5 million and a price-to-earnings ratio of 91.72.
Griffon Corp. (NYSE:GFF) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.01. The company had revenue of $508.00 million for the quarter, compared to the consensus estimate of $505.50 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. Analysts expect that Griffon Corp. will post $0.45 EPS for the current fiscal year.
Griffon Corporation (NYSE:GFF) is a diversified management and holding company that conducts business through wholly owned subsidiaries.
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