Quanex Building Products Co. (NYSE:NX) announced a quarterly dividend on Thursday, September 5th, Fidelity reports. Investors of record on Monday, September 16th will be paid a dividend of 0.08 per share by the construction company on Monday, September 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, September 13th.
Quanex Building Products has raised its dividend by an average of 14.5% per year over the last three years. Quanex Building Products has a dividend payout ratio of 38.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Quanex Building Products to earn $0.99 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 32.3%.
Quanex Building Products stock traded up $0.39 during trading hours on Wednesday, hitting $18.38. 31,169 shares of the company traded hands, compared to its average volume of 159,322. The firm has a market cap of $596.92 million, a P/E ratio of 28.31 and a beta of 1.22. The company has a quick ratio of 1.17, a current ratio of 2.15 and a debt-to-equity ratio of 0.53. The firm’s 50-day simple moving average is $17.57 and its two-hundred day simple moving average is $17.02. Quanex Building Products has a 1-year low of $10.70 and a 1-year high of $19.55.
Separately, Zacks Investment Research cut shares of Quanex Building Products from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $18.00.
Quanex Building Products Company Profile
Quanex Building Products Corporation, together with its subsidiaries, provides components for the fenestration industry worldwide. It operates through three segments: North American Engineered Components, European Engineered Components, and North American Cabinet Components. The company offers flexible insulating glass spacers, extruded vinyl profiles, window and door screens, and precision-formed metal and wood products, as well as cabinet doors and other components for original equipment manufacturers (OEMs) in the kitchen and bathroom cabinet industry.
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