Quanex Building Products Declares Quarterly Dividend

Rhea-AI Summary

Quanex Building Products (NYSE:NX) has declared a quarterly cash dividend of $0.08 per share on its common stock.

The dividend will be paid on June 28, 2024, to shareholders who are recorded as of June 14, 2024.

Positive

• Declaration of a quarterly dividend signals financial stability.
• Dividend of $0.08 per share provides direct financial return to investors.
• Scheduled dividend payment date is June 28, 2024.

Negative

• Dividend amount of $0.08 per share may be considered modest by some investors.
• No indication of growth in dividend amount compared to previous quarters.

HOUSTON, May 23, 2024 (GLOBE NEWSWIRE) -- Quanex Building Products Corporation (NYSE:NX) (“Quanex” or the “Company”) today announced that its Board of Directors declared a quarterly cash dividend of $0.08 per share on the Company’s common stock, payable June 28, 2024, to shareholders of record on June 14, 2024.

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 and cabinetry markets.  Looking ahead, Quanex plans to leverage its material science expertise and process engineering to expand into adjacent markets.

Contact:

Scott Zuehlke
SVP, Chief Financial Officer & Treasurer
713-877-5327
scott.zuehlke@quanex.com

FAQ

When is Quanex Building Products paying the quarterly dividend?

Quanex is paying the quarterly dividend on June 28, 2024.

What is the dividend amount declared by Quanex Building Products for this quarter?

Quanex declared a dividend of $0.08 per share for this quarter.

Who is eligible to receive Quanex Building Products' quarterly dividend?

Shareholders recorded by June 14, 2024, are eligible to receive the dividend.

What is the stock symbol for Quanex Building Products?

The stock symbol for Quanex Building Products is NX.