Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Griffin Industrial Realty Inc    GRIF

GRIFFIN INDUSTRIAL REALTY INC

(GRIF)
SummaryQuotesChartsNewsCalendarCompany 
News SummaryMost relevantAll newsOfficial PublicationsSector news

Griffin Announces 2017 Annual Dividend

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/15/2017 | 09:28am EDT

NEW YORK, Nov. 15, 2017 (GLOBE NEWSWIRE) -- Griffin Industrial Realty, Inc. (NASDAQ:GRIF) (“Griffin”) announced today that its Board of Directors has declared an annual cash dividend of $0.40 per share on Griffin’s common stock, representing an increase of $0.10 per share from the annual cash dividend paid in December 2016. The dividend is payable on December 8, 2017 to stockholders of record at the close of business on December 1, 2017. The Board’s decision to declare an annual dividend this fiscal year was based on Griffin’s projected cash flow and operating results for the fiscal year ending November 30, 2017 together with its expected cash position over the next fiscal year. Prospectively, Griffin expects to continue to consider the payment of an annual dividend late in the fiscal year based on that fiscal year’s results and cash flows and Griffin’s estimated future cash requirements.

Forward-Looking Statements:

This Press Release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include Griffin's beliefs and expectations regarding its expected cash position over the next fiscal year and factors related to the declaration and payment of future cash dividends. Although Griffin believes that its plans, intentions and expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such plans, intentions or expectations will be achieved. The projected information disclosed herein is based on assumptions and estimates that, while considered reasonable by Griffin as of the date hereof, are inherently subject to significant business, economic, competitive and regulatory uncertainties and contingencies, many of which are beyond the control of Griffin and which could cause actual results and events to differ materially from those expressed or implied in the forward-looking statements. Other important factors that could affect the outcome of the events set forth in these statements include the risk that Griffin’s expected cash position and factors related to the declaration and payment of future cash dividends over the next fiscal year may result in Griffin not paying cash dividends in future years, and the important factors described in Griffin's Securities and Exchange Commission filings, including the "Business," "Risk Factors" and "Forward-Looking Information" sections in Griffin's Annual Report on Form 10-K for the fiscal year ended November 30, 2016. Griffin disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release except as required by law. 

CONTACT:
Anthony Galici
Chief Financial Officer
(860) 286-1307

 


© GlobeNewswire 2017
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GRIFFIN INDUSTRIAL REALTY
07/22GRIFFIN INDUSTRIAL REALTY, INC. : Regulation FD Disclosure, Financial Statements..
AQ
07/22Griffin Announces Closings on Land Purchases
GL
07/09GRIFFIN INDUSTRIAL REALTY : Announces Fiscal 2019 2nd Quarter Results
PU
07/09GRIFFIN INDUSTRIAL REALTY : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CO..
AQ
07/09GRIFFIN INDUSTRIAL REALTY, INC. : Results of Operations and Financial Condition ..
AQ
07/09Griffin Announces Fiscal 2019 Second Quarter Results
GL
06/06Griffin Announces Fiscal 2019 Second Quarter Leasing
GL
06/04GRIFFIN INDUSTRIAL REALTY, INC. : Change in Directors or Principal Officers (for..
AQ
05/17GRIFFIN INDUSTRIAL REALTY, INC. : Change in Directors or Principal Officers, Sub..
AQ
05/14GRIFFIN INDUSTRIAL REALTY, INC. : Regulation FD Disclosure (form 8-K)
AQ
More news
Chart GRIFFIN INDUSTRIAL REALTY INC
Duration : Period :
Griffin Industrial Realty Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Managers
NameTitle
Michael S. Gamzon President, Chief Executive Officer & Director
Frederick M. Danziger Executive Chairman
Anthony J. Galici Chief Financial Officer, Secretary & VP
Thomas C. Israel Independent Director
Albert H. Small Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
GRIFFIN INDUSTRIAL REALTY INC9.84%178
THE HOME DEPOT, INC21.03%228 804
LOWE'S COMPANIES2.91%74 416
HOME PRODUCT CENTER PUBLIC CO LTD--.--%7 293
KINGFISHER-6.41%4 955
FLOOR & DECOR HOLDINGS INC74.36%4 499