Quanex Building Stock To Go Ex-dividend Tomorrow (NX)

NEW YORK ( TheStreet) -- The ex-dividend date for Quanex Building Products (NYSE: NX) is tomorrow, September 13, 2011. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $11.13 as of 9:30 a.m. ET, the dividend yield is 1.4%.

The average volume for Quanex Building has been 450,000 shares per day over the past 30 days. Quanex Building has a market cap of $438.8 million and is part of the industrial goods sector and materials & construction industry. Shares are down 41.2% year to date as of the close of trading on Friday.

Quanex Building Products Corporation provides engineered products and aluminum sheet products. Its Engineered Products segment produces window and door components for original equipment manufacturers that primarily serve the residential construction and remodeling markets. The company has a P/E ratio of 39.2, below the average materials & construction industry P/E ratio of 40.6 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Quanex Building as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, poor profit margins and weak operating cash flow. You can view the full Quanex Building Ratings Report.

See our dividend calendar or top-yielding stocks list.

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