Encore Wire Announces Cash Dividend

Rhea-AI Summary

Encore Wire (NASDAQ: WIRE) announced a 2-cent per share cash dividend, declared by its Board of Directors. The dividend will be paid on July 19, 2024, to stockholders of record as of July 5, 2024. Daniel L. Jones, Chairman, President, and CEO, emphasized the company's commitment to low-cost production and exceptional customer service. Encore Wire manufactures a wide range of copper and aluminum electrical wire and cables, proudly made in America at their Texas campus. Contact Bret J. Eckert, CFO, for more information.

Positive

• 2-cent per share dividend declared, indicating profitability.
• Dividend payment date set for July 19, 2024.
• Encore Wire maintains low-cost production.
• Exceptional customer service claimed.
• Products are made in America, enhancing domestic appeal.

Negative

• Dividend amount is relatively small (2 cents per share).
• Dividend record date is nearly two months before payment date, potentially causing stock volatility.

MCKINNEY, Texas--(BUSINESS WIRE)-- Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company’s Board of Directors has declared a cash dividend.

Daniel L. Jones, Chairman, President and Chief Executive Officer of Encore Wire Corporation, said, “This two-cent per share dividend will be paid on July 19, 2024 to stockholders of record at the close of business on July 5, 2024.”

Encore Wire Corporation is a leading manufacturer of a broad range of copper and aluminum electrical wire and cables, supplying power generation and distribution solutions to meet our customers’ needs today and in the future. The Company focuses on maintaining a low-cost of production while providing exceptional customer service, quickly shipping complete orders coast-to-coast. Our products are proudly made in America at our vertically-integrated, single-site, Texas campus.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240515516878/en/

Bret J. Eckert

Executive Vice President Chief Financial Officer

972-562-9473

Source: Encore Wire Corporation

FAQ

When is Encore Wire paying the dividend?

Encore Wire is paying the dividend on July 19, 2024.

What is the dividend amount declared by Encore Wire?

Encore Wire declared a 2-cent per share dividend.

When do stockholders need to be on record to receive Encore Wire's dividend?

Stockholders need to be on record by July 5, 2024, to receive the dividend.

What is the stock symbol for Encore Wire?

The stock symbol for Encore Wire is WIRE.

What products does Encore Wire manufacture?

Encore Wire manufactures a wide range of copper and aluminum electrical wire and cables.