Encore Wire Announces Cash Dividend

Rhea-AI Summary

Encore Wire Corporation (NASDAQ: WIRE) declares a two-cent per share cash dividend, payable on January 19, 2024, to stockholders of record as of January 5, 2024. The dividend is subject to future earnings and cash flow. The company emphasizes its commitment to long-term management and protecting its strong balance sheet. Encore Wire 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 January 19, 2024 to stockholders of record at the close of business on January 5, 2024. 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/20231107186750/en/

Bret J. Eckert

Executive Vice President

Chief Financial Officer

972-562-9473

Source: Encore Wire Corporation

FAQ

What is the cash dividend declared by Encore Wire Corporation (NASDAQ: WIRE)?

Encore Wire Corporation has declared a two-cent per share cash dividend.

When will the cash dividend be paid to stockholders of Encore Wire Corporation (NASDAQ: WIRE)?

The cash dividend will be paid on January 19, 2024, to stockholders of record as of January 5, 2024.

What is the focus of Encore Wire Corporation (NASDAQ: WIRE) in its business operations?

Encore Wire Corporation focuses on maintaining low-cost production and exceptional customer service in manufacturing a broad range of copper and aluminum electrical wire and cables.

Where are the products of Encore Wire Corporation (NASDAQ: WIRE) manufactured?

The products of Encore Wire Corporation are proudly made in America at its vertically-integrated, single-site, Texas campus.