Ferguson plc and Griffon Corp declare quarterly dividends

Ferguson plc announced a quarterly dividend of $0.89 per share, payable on October 7 to shareholders of record on August 21. The dividend represents an annualized yield of about 1.4% and a payout ratio of 33.4%, with analysts expecting earnings of $12.63 per share next year. The company’s shares traded down $1.56 to $253.69 during midday trading.

Griffon Corporation disclosed a quarterly dividend of $0.22 per share, payable on September 16 to investors of record on August 31. The dividend yields roughly 0.9% and carries a payout ratio of 13.8%. Griffon reported earnings of $1.51 per share for the quarter, beating estimates, and posted revenue of $481.37 million, down 21.5% year‑over‑year. Its stock rose $9.10 to $102.68 in midday trading.