Griffon Corporation (NYSE:GFF) Plans 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) annualized dividend and a 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%annually over the last three years and has raised its dividend every year for the last 1 years. Griffon has a payout ratio of 11.3% meaning 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 Price Performance

Griffon stock traded up $2.37 during mid-day trading on Wednesday, hitting $69.23. 812,643 shares of the company were exchanged, compared to its average volume of 366,542. The company has a market capitalization of $3.22 billion, a PE ratio of 51.66, a price-to-earnings-growth ratio of 1.02 and a beta of 1.14. The business has a fifty day moving average of $74.90 and a 200 day moving average of $74.32. Griffon has a 1-year low of $63.92 and a 1-year high of $86.73. 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 (NYSE:GFF) last posted its earnings results on Wednesday, November 19th. The conglomerate reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.02). The firm had revenue of $662.18 million during the quarter, compared to the consensus estimate of $631.47 million. Griffon had a return on equity of 144.21% and a net margin of 2.78%.The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.47 EPS. Griffon has set its FY 2026 guidance at EPS. As a group, sell-side analysts expect that Griffon will post 5.55 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on GFF shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Griffon in a report on Monday. Wall Street Zen cut Griffon from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Robert W. Baird lifted their price objective on Griffon from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Finally, Zacks Research upgraded Griffon from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price 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.