Encore Wire Announces Cash Dividend
Encore Wire Corporation (WIRE) has declared a cash dividend of $0.02 per share, payable on July 16, 2021, to stockholders of record as of July 2, 2021. CEO Daniel L. Jones emphasized that future dividends will depend on earnings and cash flow. The Company is committed to long-term growth and maintaining a strong balance sheet while providing a broad range of electrical building wire for various applications. With a focus on customer service and low-cost production, Encore Wire aims to complement its product line with new offerings.
- Declared a cash dividend of $0.02 per share, signaling financial health.
- Future dividends will be evaluated based on earnings and cash flow, indicating a cautious approach to shareholder returns.
- Commitment to long-term growth and maintaining a strong balance sheet.
- None.
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 16, 2021 to stockholders of record at the close of business on July 2, 2021. 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210505005785/en/
FAQ
What is the amount of Encore Wire's dividend?
When will the dividend be paid?
What is the record date for the dividend?
What factors will influence future dividends for Encore Wire?
