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Quanex Building Products Declares Quarterly Dividend

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Quanex Building Products Corporation (NYSE:NX) has announced a quarterly cash dividend of $0.08 per share on its common stock. This dividend will be payable on March 31, 2023, to shareholders of record as of March 15, 2023. The company is recognized for its broad capabilities across various markets, including window, door, and cabinetry sectors. Quanex is focused on leveraging its material science and process engineering expertise to expand into new markets, positioning itself for future growth.

Positive
  • Quarterly cash dividend of $0.08 per share enhances shareholder income.
  • Strategic plans to expand into adjacent markets may increase future revenue.
Negative
  • None.

HOUSTON, March 01, 2023 (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 March 31, 2023, to shareholders of record on March 15, 2023.

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

What is the dividend amount for NX in March 2023?

The dividend amount for NX is $0.08 per share.

When will the NX dividend be paid?

The NX dividend will be paid on March 31, 2023.

Who is eligible for the NX dividend?

Shareholders of record as of March 15, 2023, are eligible for the NX dividend.

How often does NX pay dividends?

NX pays dividends quarterly.

Is the NX dividend sustainable?

The press release does not provide information on the sustainability of the dividend.

Quanex Building Products Corporation

NYSE:NX

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1.09B
46.84M
0.85%
98.57%
3.21%
Building Products & Equipment
Rolling Drawing & Extruding of Nonferrous Metals
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United States of America
HOUSTON