Market Overview

Ex-Dividend Date Insight: Griffon

Share:

On November 12, 2020, Griffon (NYSE: GFF) announced shareholders can expect to receive a dividend payable on December 17, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. Griffon has an ex-dividend date planned for November 24, 2020. The company's current dividend payout sits at $0.08. That equates to a dividend yield of 1.32% at current price levels.

The Significance Of An Ex-Dividend Date

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Griffon's Dividend Performance

Over the past year, Griffon has seen its dividend payouts climb upward and its yields trend downward. Last year on November 26, 2019 the company's payout sat at $0.07, which has since increased by $0.01. Griffon's dividend yield last year was 1.38%, which has since decreased by 0.06%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on Griffon's previous dividends.

 

Related Articles (GFF)

View Comments and Join the Discussion!

Posted-In: Dividends

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com