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

Quanex Building Products Corporation (NYSE:NX) declared a quarterly dividend on Friday, December 5th. Stockholders of record on Monday, December 15th will be given a dividend of 0.08 per share by the construction company on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, December 15th.

Quanex Building Products has a payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Quanex Building Products to earn $2.64 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 12.1%.

Quanex Building Products Trading Up 9.0%

Shares of NX stock traded up $1.36 during trading hours on Friday, hitting $16.44. 3,309,671 shares of the company’s stock traded hands, compared to its average volume of 759,991. The stock has a market cap of $754.03 million, a PE ratio of -2.99, a price-to-earnings-growth ratio of 0.50 and a beta of 0.97. The stock’s 50 day simple moving average is $13.72 and its 200 day simple moving average is $16.87. The company has a quick ratio of 1.18, a current ratio of 2.20 and a debt-to-equity ratio of 0.97. Quanex Building Products has a 12 month low of $11.04 and a 12 month high of $28.71.

Quanex Building Products (NYSE:NX) last posted its quarterly earnings data on Thursday, December 11th. The construction company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.33. Quanex Building Products had a negative net margin of 13.65% and a positive return on equity of 11.87%. The company had revenue of $489.85 million for the quarter, compared to analyst estimates of $472.62 million. During the same period in the prior year, the firm posted $0.61 EPS. On average, sell-side analysts anticipate that Quanex Building Products will post 2.18 EPS for the current year.

Quanex Building Products Company Profile

Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry in the United States, rest of Europe, Canada, Asia, the United Kingdom, and internationally. The company operates through three segments: North American Fenestration, European Fenestration, and North American Cabinet Components.