Griffon Corporation (GFF) will raise its quarterly dividend by 25 percent to $0.05 per share in the fourth quarter of 2015.

The increased dividend will be paid on December 23, 2015 to stockholders of record on December 3, 2015.

Griffon Corporation, founded in 1959, is a holding company. The company’s Home & Building Products consists of three companies, The AMES Companies, Inc., Clopay Building Products Company, Inc. and ClosetMaid LLC. Through these wholly-owned subsidiaries the company makes products such as garage doors, long-handled tools, landscaping products and storage products. The company’s Telephonics segment is a provider of intelligence, surveillance and communications solutions for defense, aerospace and commercial customers.