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

NEW YORK ( TheStreet) -- The ex-dividend date for Quanex Building Products (NYSE: NX) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $16.42 as of 9:35 a.m. ET, the dividend yield is 1%.

The average volume for Quanex Building has been 275,200 shares per day over the past 30 days. Quanex Building has a market cap of $618.6 million and is part of the industrial goods sector and materials & construction industry. Shares are up 9.1% year to date as of the close of trading on Friday.

Quanex Building Products Corporation, together with its subsidiaries, provides engineered and aluminum sheet products worldwide. It operates in two segments, Engineered Products and Aluminum Sheet Products. The company has a P/E ratio of 84.5, above the average materials & construction industry P/E ratio of 70.1 and above the S&P 500 P/E ratio of 17.7.

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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Quanex Building Ratings Report.

See our dividend calendar or top-yielding stocks list.

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