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Quanex Building Products Declares Quarterly Dividend and Announces Planned Chairmanship Transition
Rhea-AI Impact
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Rhea-AI Sentiment
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dividends
Rhea-AI Summary
Quanex Building Products Corporation (NYSE:NX) declared a quarterly cash dividend of $0.08 per share on the Company’s common stock, payable December 29, 2023, to shareholders of record on December 19, 2023. Additionally, the Board has determined that George L. Wilson, the Company’s President and CEO, will become Quanex’s Chairman of the Board, effective February 27, 2024, replacing current Chairman William C. Griffiths.
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HOUSTON, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) (“Quanex” or the “Company”) today announced that its Board of Directors (the “Board”) declared a quarterly cash dividend of $0.08 per share on the Company’s common stock, payable December 29, 2023, to shareholders of record on December 19, 2023.
In addition, Quanex announced that the Board has determined that George L. Wilson, the Company’s President and Chief Executive Officer, will also become Quanex’s Chairman of the Board, effective February 27, 2024. Mr. Wilson will replace current Chairman William C. Griffiths, who will be retiring from the Board as of the Company’s next Annual Meeting of Shareholders, in accordance with the Quanex Corporate Governance Guidelines. Mr. Wilson’s appointment is subject to his re-election to the Board at the annual meeting.
About Quanex
Quanex is a global manufacturer with core capabilities and broad applications across various end markets. The Company currently collaborates and partners with leading OEMs to provide innovative solutions in the window, door, vinyl fencing, solar, refrigeration, custom mixing and cabinetry markets. Looking ahead, Quanex plans to leverage its material science expertise and process engineering to expand into adjacent markets.
building strength for our customers at quanex building products, our customer’s success is our priority. whether seeking a special component to bring a new product to market, technical support to make a production process more efficient, or creative marketing support to drive awareness, we have the knowledge base and experience to lead the largest and smallest providers to success. with unparalleled expertise in energy efficiency and sustainability standards, integrated systems design and product development, marketing, production equipment and processes, we enhance the value our customers can offer to their customers. quanex works hard to listen to customers and anticipate future needs. our vision is to be the supplier of choice in the markets we serve and we are committed to building strength in our people, systems and processes.
