Quanex Building Products Declares Quarterly Dividend
Rhea-AI Summary
Quanex Building Products (NYSE:NX) has announced a quarterly cash dividend of $0.08 per share on its common stock. The dividend is set to be paid on September 30, 2024, to shareholders of record as of September 16, 2024. This declaration by the Company's Board of Directors demonstrates Quanex's commitment to providing regular returns to its shareholders. The consistent dividend payout suggests financial stability and confidence in the company's cash flow generation capabilities.
Positive
- Consistent dividend payout indicates financial stability
- Regular income for shareholders through quarterly dividends
Negative
- None.
News Market Reaction
On the day this news was published, NX declined 7.20%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
HOUSTON, Aug. 30, 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
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, building access 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
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