Quanex Building Products Corporation (NYSE:NX) to Issue Quarterly Dividend of $0.08

Quanex Building Products Corporation (NYSE:NX) declared a quarterly dividend on Thursday, August 27th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.08 per share by the construction company on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 15th.

Quanex Building Products has a dividend payout ratio of 11.1% indicating that 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 Trading Down 0.5%

Shares of NX opened at $19.73 on Friday. Quanex Building Products has a fifty-two week low of $11.04 and a fifty-two week high of $22.98. The business has a 50-day moving average of $18.81 and a 200 day moving average of $18.85. The firm has a market cap of $906.11 million, a P/E ratio of -3.50, a price-to-earnings-growth ratio of 0.85 and a beta of 0.92. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.23 and a current ratio of 2.28.

Quanex Building Products (NYSE:NX) last released its quarterly earnings data on Thursday, June 4th. The construction company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. The business had revenue of $462.37 million for the quarter, compared to the consensus estimate of $459.27 million. Quanex Building Products had a negative net margin of 13.85% and a positive return on equity of 11.11%. As a group, research analysts forecast that Quanex Building Products will post 1.66 EPS for the current 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.