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Encore Wire Corporation (NASDAQ: WIRE) has declared a two-cent cash dividend per share, to be paid on April 14, 2022, to stockholders of record as of April 1, 2022. CEO Daniel L. Jones emphasized the company's commitment to long-term growth and maintaining a strong balance sheet while stating that future dividends will depend on earnings and cash flow. Encore Wire is a leading manufacturer of a broad range of electrical building wire, focusing on customer service and low-cost production.
Positive
Declaration of a two-cent cash dividend, signaling confidence in cash flow and earnings.
Focus on long-term growth and maintaining a strong balance sheet.
Negative
None.
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 April 14, 2022 to stockholders of record at the close of business on April 1, 2022. 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 electrical building wire for interior wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. The Company focuses on maintaining a high level of customer service with low-cost production and the addition of new products that complement its current product line.
