Encore Wire Corporation (NASDAQ:WIRE) announced a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Shareholders of record on Friday, October 6th will be paid a dividend of 0.02 per share by the electronics maker on Friday, October 20th. This represents a $0.08 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend is Thursday, October 5th.

Encore Wire Corporation (NASDAQ WIRE) traded up 1.24% during mid-day trading on Wednesday, hitting $40.70. 57,582 shares of the stock were exchanged. Encore Wire Corporation has a 52-week low of $33.70 and a 52-week high of $49.75. The stock has a market cap of $844.53 million, a PE ratio of 20.15 and a beta of 2.24. The stock’s 50 day moving average is $42.88 and its 200 day moving average is $43.70.

Encore Wire Corporation (NASDAQ:WIRE) last issued its quarterly earnings data on Tuesday, August 1st. The electronics maker reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.58 by $0.06. The company had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $282.25 million. Encore Wire Corporation had a return on equity of 7.42% and a net margin of 4.01%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. Analysts forecast that Encore Wire Corporation will post $2.23 EPS for the current fiscal year.

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Several research firms recently commented on WIRE. Zacks Investment Research downgraded shares of Encore Wire Corporation from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, April 26th. TheStreet cut shares of Encore Wire Corporation from a “b” rating to a “c+” rating in a research note on Friday, August 4th.

Encore Wire Corporation Company Profile

Encore Wire Corporation is a manufacturer of electrical building wire and cable. The Company is a supplier of building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. The Company manufactures electric building wire, principally NM-B cable, for use primarily as interior wiring in homes, apartments and manufactured housing, and THHN/THWN-2 cable and metal-clad and armored cable for use primarily as wiring in commercial and industrial buildings.

Dividend History for Encore Wire Corporation (NASDAQ:WIRE)

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