By Dean Seal
Griffon lifted its quarterly dividend by 20% to 15 cents a share.
The dividend is payable Dec. 14 to shareholders of record as of the close of business Nov. 28.
The manufacturing conglomerate also said Wednesday that its board has increased the company’s share buyback authorization by $200 million.
Chief Executive Ronald Kramer said the company has returned $285 million to shareholders through dividends and buybacks in 2023.
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