MaxDividends Ideas: This Conglomerate Is a Hidden Gem for Long-Term Investors
11 Years of Dividend Growth and a 17.91% Boost
MaxDividends Mission: Help & support everyone on the way to build growing passive income, retire early and live off dividends
For dividend investors looking for opportunities with a side of strong growth. MaxDividends Stocks Ideas is a daily, in-depth look at companies that can be considered as dividend portfolio ideas. Don’t miss out on fresh stock picks and insights!
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💡 Make sure you’re looking at how much of the company’s profit is going to pay dividends. It’s a good gauge of whether that dividend is built to last.
MaxDividends Ideas: This Conglomerate Is a Hidden Gem for Long-Term Investors
If you're seeking a long-term dividend investment with consistent growth, this diversified holding company offers a solid choice.
Over the past 11 years, the company has consistently increased its dividends, rewarding patient shareholders with a 0.86% yield. While the yield may not immediately jump out, its robust financials and steady dividend growth make it an attractive option for those looking to build reliable passive income.
Introducing Griffon Corporation (NYSE: GFF)
Financial Score: 80 / 99
This company operates across multiple sectors through its subsidiaries, with a focus on home and building products as well as consumer and professional products. With brands like Clopay, the largest garage door manufacturer in North America, and Ames, a globally recognized tool brand, Griffon has a diverse and resilient portfolio.
Dividend Growth and Financial Strength
One of Griffon’s standout features is its steady dividend growth, which has averaged 17.91% annually over the last three years. As of September 2024, Griffon pays a quarterly dividend of $0.15 per share, a notable increase from $0.06 per share in 2016.
What’s more, Griffon maintains a very healthy dividend payout ratio of just ~19.32%, ensuring that dividends are well-covered by earnings, with plenty of room for future increases.
In the fiscal year 2024, Griffon’s net income reached $64.1 million, reflecting strong financial performance and further supporting its ability to sustain dividends. Additionally, Griffon’s strategic acquisitions and operational efficiency have positioned it for continued growth, even in challenging market conditions.
Griffon Corporation - Quick MaxDividends Team Overview
🟢 The latest data suggests that the company is currently profitable.🟢 Business is increasing sales and they are growing, which is a positive thing🟢 Operating profit is growing, the company in this sense has a good margin of safety and dynamics🟢 Earnings per share are growing, the dynamics have been positive for several years. This means the company knows how to manage business profitability and maintain it for many years⚪️ Business has certain strengths, but during difficult periods there may be difficulties and unprofitable years.Important Notice
If you want to stay on top of your portfolio's health, don't forget to check in on the financials of the companies you've invested in. The better shape they’re in, the better your results will be. Keep an eye on their quarterly and annual reports to see how they're performing.
The strongest and most stable companies tend to have a Financial Score of 80+, with the very best ones hitting 90+. If you see that score start to dip below 80, that’s your cue to consider jumping ship before things get worse.
Learn more about Financial Score here
This is just the free version of MaxDividends. In the Premium version, our members get access to a curated watchlist of 19,000 companies worldwide, all scored by our team on a regular basis. Companies like Griffon Corporation are on that list, too!
Interesting Fact
Over 250 years of history
An interesting tidbit about Griffon: its subsidiary AMES, which produces tools and outdoor products, was founded in 1774, making it one of the oldest continuously operating companies in the United States.
This legacy of resilience and adaptability has helped Griffon weather various economic cycles, which bodes well for long-term investors.
Conclusion
A Stable Play with Growth Potential
Griffon Corporation offers a compelling investment case for dividend-focused investors. With 11 years of consecutive dividend increases, a manageable payout ratio, and a growing portfolio of trusted brands, Griffon is positioned to continue delivering value.
And with a Financial Score of 80 / 99, it’s clear this company offers both stability and growth potential for long-term investors.
If you’re looking for a stock that balances dividend growth with financial strength, Griffon should be on your watchlist.
Buy Griffon Corporation Now?
To get the most from your investments it is always better identify time the company undervalued or at least fairy valued.
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Unlock MaxDividends Premium to get access to the most promising dividend ideas and tools with MaxDividends like-minded.
We've got exciting opportunities for you—and here's the kicker, they’re currently undervalued.
These stocks are trading at a discount, and smart investors know this is where the real opportunity lies. Right now is the best moment to jump in before the market catches up.
No one wants to work forever, and the question of financial security becomes more pressing. Can we really count on enjoying life after retiring, without having to find another job just to make ends meet?
MaxDividends Key Concept
Predictability in important things is the foundation of peace of mind. Peace of mind is the basis of financial well-being. MaxDividends is all about peace of mind.
At MaxDividends, we focus on a undervalued high yield dividend stocks and dividend growth strategy.
It’s a great fit for investors who want capital appreciation, a decent level of safety, and growing income.
As the name suggests, dividend growth investing is all about finding stocks that pay dividends and can keep growing them over time.
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MaxDividends Stocks are Unique
They not only provide income but have a strong track record of increasing that income over the years.
Plus, investing in companies that consistently raise dividends has historically been a solid strategy.
Do you know what is the power of the MaxDividends strategy? It is that even if I stop investing right now, my dividend income will continue to grow. And even a conservative forecast says that in the next 10 years the growth will be 4 times.
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My High Yield Dividend Growth Story
Retire Early and Live Off Dividends. $12,000 monthly for 120 months
My name is Max, nice to meet you! I am an entrepreneur, dad to three, and a private investor in stocks. Pick up high-yield dividend growth stocks to live off dividends and retire early.
The idea of growing passive income typically dawns on us when we realize we’re no longer in our twenties. For me, this realization hit around age 35. I don’t plan to run a business my entire life—I have big plans for other areas of my life too. I enjoy writing, blogging, and sharing my experiences. Retire early before 50 is the main mission for me now.
Ten years ago, I started investing in growth stocks. By now, the capital from those investments and my past savings have allowed me to start implementing my planned strategy. In the early years, I focused primarily on growth stocks, but over the past few years and especially in recent months, I’ve shifted more towards high-yield, dividend growing stocks.
At this stage in my life, predictable growing passive income is more important than the long-term price appreciation of stocks, because I plan to live off the dividends.
🙏 To focus on what we love, we need stop worrying about daily expenses. For me, the solution was creating a growing passive income stream through dividend stocks.
As an author of the MaxDividends Strategy I follow it to pick up high-yield & dividend growth stocks to live off dividends and retire early. I share my way and methodology of achieving the dream goal to live off dividends step by step.
MaxDividends Mission
Help & support everyone on the way to build growing passive income, retire early and live off dividends.
Build your own dividend machine with MaxDividends to launch growing passive income, retire early and live off dividends with community like-minded
This is a free version of MaxDividends. Get Premium to unlock all the features and tools of MaxDividends!
MaxDividends Premium: What You’ll Get
+ Bonus - access to full list of MaxDividends stocks updated weekly. Boost your passive income for living off dividends.
Unlock Top-notch dividend growth investment ideas and insights, handpicked to help you crush your financial goals, retire early and live off dividends.
NEW! List of the Most Dangerous Dividend Stocks You Should Avoid to Invest In Right Now
Stay away from dividend-trap companies with the most accurate list of dangerous stocks updated weekly
Ready-to-go step by step weekly guide to achieving financial freedom.
Grab ready-made MaxDividends stock sets starting at $300, $500, or $1000 each week.
Posts & Podcasts with deep dives into the top dividend stocks we hold. Key points, current statement, perspectives and consensus.
My personal MaxDividends portfolios and short list with all the changes and updates weekly.
Comprehensive tools to help you on the way retire early and live off dividends.
Community Like-Minded Access
Stay in touch with me and other MaxDividends followers. MaxDividends community chat of like-minded who wants to live off dividends and retire early. Discuss ideas, share insights, build plans and set goals. Support, motivation, like-minded - all in!
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