Griffon raises share repurchase authorization, declares $2.00 special dividend

Also, the Griffon board approved two actions to return additional capital to shareholders. First, Griffon increased its share repurchase authorization to $258M from the prior unused authorization of $58M. Second, the Griffon board declared a special cash dividend of $2.00 per share, payable on May 19 to shareholders of record as of the close of business on May 9.