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Griffon Corporation (GFF) will raise its quaterly dividend by 16.7 percent to $0.07 per share in the fourth quarter of 2017. The new dividend yield for GFF is 1.2%.

The dividend is payable on December 21, 2017 to shareholders of record as of the close of business on November 29, 2017.

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.