Griffon Corp (GFF) will pay a special dividend of $1.00 per share. The regular dividend of $0.07 per share yields 1.4%.

The dividend is payable on April 16, 2018 to shareholders of record as of the close of business on March 29, 2018. This special dividend, along with the two $0.07 quarterly dividends announced earlier this fiscal year, will bring total fiscal 2018 dividends through March 8, 2018 to approximately $54 million.

“With the sale of Clopay Plastics, the continued growth of our businesses and our strong balance sheet, we are pleased to return capital to shareholders through this special dividend,” said Ronald J. Kramer, Griffon’s Chairman and CEO. “We remain well positioned to execute on our business plan, invest in growth opportunities and continue to seek out strategic acquisition targets.”

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.