Encore Wire Announces Cash Dividend

Rhea-AI Summary

Encore Wire Corporation (NASDAQ: WIRE) has declared a cash dividend of two cents per share. The dividend will be paid on October 20, 2023, to stockholders of record as of October 6, 2023. Future dividends will be subject to earnings and cash flow considerations. Encore Wire Corporation is a leading manufacturer of copper and aluminum electrical wire and cables, focusing on low-cost production and exceptional customer service.

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 October 20, 2023 to stockholders of record at the close of business on October 6, 2023. Any future quarterly dividends will be paid subject to earnings and cash flow considerations. We appreciate our stockholders’ commitment to the continued growth of Encore Wire. We will continue to manage the Company for the long-term and strive to protect our strong balance sheet.”

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/20230808050442/en/

Bret J. Eckert

Executive Vice President

Chief Financial Officer

972-562-9473

Source: Encore Wire Corporation

FAQ

What is the dividend amount declared by Encore Wire Corporation?

Encore Wire Corporation has declared a cash dividend of two cents per share.

When will the dividend be paid?

The dividend will be paid on October 20, 2023.

Who is eligible to receive the dividend?

Stockholders of record as of October 6, 2023, are eligible to receive the dividend.

Will there be future dividends?

Future dividends will be paid subject to earnings and cash flow considerations.

What does Encore Wire Corporation manufacture?

Encore Wire Corporation is a leading manufacturer of copper and aluminum electrical wire and cables.

What is the focus of Encore Wire Corporation?

Encore Wire Corporation focuses on maintaining a low-cost of production and providing exceptional customer service.