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NEW YORK ( TheStreet) -- The ex-dividend date for Griffon Corporation (NYSE: GFF) is tomorrow, May 24, 2012. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $7.68 as of 9:30 a.m. ET, the dividend yield is 1%. The average volume for Griffon has been 142,600 shares per day over the past 30 days. Griffon has a market cap of $502 million and is part of the industrial goods sector and materials & construction industry. Shares are down 14.6% year to date as of the close of trading on Tuesday. Griffon Corporation manufactures home and building, technology related, and plastic products. The company has a P/E ratio of 38.7, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 17.7.