Griffon Corporation Declares Quarterly Dividend

NEW YORK–(BUSINESS WIRE)–The Board of Directors of Griffon Corporation (NYSE:GFF) (the “Company”
or “Griffon”) declared a regular quarterly cash dividend of $0.0725 per
share. The dividend is payable on June 20, 2019 to shareholders of
record as of the close of business on May 24, 2019.

About Griffon Corporation
Griffon
is a diversified management and holding company that conducts business
through wholly-owned subsidiaries. Griffon oversees the operations of
its subsidiaries, allocates resources among them and manages their
capital structures. Griffon provides direction and assistance to its
subsidiaries in connection with acquisition and growth opportunities as
well as in connection with divestitures. In order to further diversify,
Griffon also seeks out, evaluates and, when appropriate, will acquire
additional businesses that offer potentially attractive returns on
capital.

Griffon currently conducts its operations through two reportable
segments:

  • Home & Building Products segment consists of two companies, The AMES
    Companies, Inc. (“AMES”) and Clopay Building Products Company, Inc.
    (“CBP”):

    AMES, founded in 1774, is the leading North
    American manufacturer and a global provider of branded consumer and
    professional tools, landscaping products, and outdoor lifestyle
    solutions. In 2018, we acquired ClosetMaid, a leader in wood and wire
    closet organization, general living storage and wire garage storage
    products for homeowners and professionals.

    CBP, since 1964,
    is a leading manufacturer and marketer of residential and commercial
    garage doors and sells to professional dealers and some of the largest
    home center retail chains in North America. In 2018, we acquired
    CornellCookson, a leading U.S. manufacturer and marketer of rolling
    steel door and grille products designed for commercial, industrial,
    institutional, and retail use.

  • Defense Electronics segment consists of Telephonics Corporation,
    founded in 1933, a globally recognized leading provider of highly
    sophisticated intelligence, surveillance and communications solutions
    for defense, aerospace and commercial customers.

For more information on Griffon and its operating subsidiaries, please
see the Company’s website at www.griffon.com.

Contacts

Griffon Corporation:
Brian G. Harris, 212-957-5000
SVP
& Chief Financial Officer

Investor Relations:
Michael Callahan, 203-682-8311
Managing
Director, ICR Inc.

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