Encore Wire Declares Quarterly Dividend

Encore Wire (NASDAQ: WIRE  ) , like a strip of its namesake product, seems to believe in keeping its shareholder payouts long and straight. The company has declared a quarterly dividend of $0.02 per share, to be paid on July 19 to shareholders of record as of July 5. That amount is in line with every one of the firm's previous distributions stretching back to early 2007. 

In its press release announcing the move, Encore Wire sounded a conservative note about its future. It quoted CEO Daniel Jones as saying that, "We will continue to manage the Company for the long-term and strive to protect our strong balance sheet."

The current dividend annualizes to $0.08 per share. That yields 0.2% at Encore Wire's most recent closing stock price of $33.93.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2478821, ~/Articles/ArticleHandler.aspx, 9/23/2014 8:50:01 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement