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

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) annualized dividend and a dividend 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. 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 Performance

Shares of NX opened at $18.83 on Friday. 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 PE ratio of -3.58, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95. The stock has a 50-day moving average price of $18.71 and a 200-day moving average price of $17.62.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings data on Thursday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, topping 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 company had revenue of $409.09 million for the quarter, compared to analysts’ expectations of $405.75 million. As a group, equities 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.