Quanex Building Products Corporation (NYSE:NX) Announces $0.08 Quarterly Dividend

Quanex Building Products Corporation (NYSE:NX) announced a quarterly dividend on Thursday, May 28th. Shareholders of record on Monday, June 15th will be given a dividend of 0.08 per share by the construction company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, June 15th.

Quanex Building Products has a dividend payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Quanex Building Products to earn $2.25 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 14.2%.

Quanex Building Products Stock Down 0.4%

NX stock opened at $18.83 on Friday. The firm has a 50-day moving average of $18.71 and a two-hundred day moving average of $17.62. Quanex Building Products has a 12 month low of $11.04 and a 12 month high of $22.98. The company has a current ratio of 2.31, a quick ratio of 1.21 and a debt-to-equity ratio of 0.93. The company has a market cap of $864.77 million, a price-to-earnings ratio of -3.58, a PEG ratio of 0.83 and a beta of 0.95.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings results on Thursday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.04. Quanex Building Products had a negative net margin of 13.00% and a positive return on equity of 12.24%. The business had revenue of $409.09 million during the quarter, compared to analysts’ expectations of $405.75 million. As a group, analysts forecast that Quanex Building Products will post 1.63 earnings per share for the current fiscal year.

Quanex Building Products Company Profile

Quanex Building Products Corporation engages in the design, manufacture and distribution of components for the window, door and building products industries in North America. The company operates through two primary segments: Window Products and Door & Building Products. Its Window Products segment supplies vinyl window profiles and related accessories, while its Door & Building Products segment offers engineered door skins, panels, siding products, specialty moldings and other exterior building components.

Within its Window Products segment, Quanex produces extrusion profiles used by window fabricators to assemble vinyl casement, double-hung, slider and picture windows.