Encore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in the United States. The company's products include NM-B cables for use as interior wiring in homes, apartments, and manufactured housing; THHN/THWN-2 cables and metal-clad and armored cables for use as wiring in commercial and industrial buildings; UF-B cables; XHHW-2 cables; RHH/RHW-2 cables; USE-2 cables; and other types of wire products. It sells its products to wholesale electrical distributors primarily through independent manufacturers' representatives. Encore Wire Corporation was incorporated in 1989 and is headquartered in McKinney, Texas.
Encore Wire Dividend Announcement
• Encore Wire announced a quarterly dividend of $0.02 per ordinary share which will be made payable on 2024-07-19. Ex dividend date: 2024-07-05
• Encore Wire annual dividend for 2024 was $0.06
• Encore Wire annual dividend for 2023 was $0.08
• Encore Wire's trailing twelve-month (TTM) dividend yield is 0.02%
• Encore Wire's payout ratio for the trailing twelve months (TTM) is 0.42%
• Encore Wire's dividend growth over the last ten years (2013-2023) was -2.21% year
Encore Wire Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-05 | $0.02 | quarterly | 2024-07-19 |
2024-04-04 | $0.02 | quarterly | 2024-04-19 |
2024-01-04 | $0.02 | quarterly | 2024-01-19 |
2023-10-05 | $0.02 | quarterly | 2023-10-20 |
2023-07-06 | $0.02 | quarterly | 2023-07-21 |
2023-04-05 | $0.02 | quarterly | 2023-04-21 |
2023-01-05 | $0.02 | quarterly | 2023-01-20 |
2022-10-06 | $0.02 | quarterly | 2022-10-21 |
2022-06-30 | $0.02 | quarterly | 2022-07-15 |
2022-03-31 | $0.02 | quarterly | 2022-04-14 |
2022-01-06 | $0.02 | quarterly | 2022-01-21 |
2021-09-30 | $0.02 | quarterly | 2021-10-15 |
2021-07-01 | $0.02 | quarterly | 2021-07-16 |
2021-03-31 | $0.02 | quarterly | 2021-04-16 |
2020-12-30 | $0.02 | quarterly | 2021-01-15 |
2020-10-01 | $0.02 | quarterly | 2020-10-16 |
2020-07-01 | $0.02 | quarterly | 2020-07-17 |
2020-04-02 | $0.02 | quarterly | 2020-04-17 |
2020-01-02 | $0.02 | quarterly | 2020-01-17 |
2019-10-03 | $0.02 | quarterly | 2019-10-18 |
2019-07-03 | $0.02 | quarterly | 2019-07-19 |
2019-04-03 | $0.02 | quarterly | 2019-04-18 |
2019-01-03 | $0.02 | quarterly | 2019-01-18 |
2018-10-04 | $0.02 | quarterly | 2018-10-19 |
2018-07-05 | $0.02 | quarterly | 2018-07-20 |
2018-04-05 | $0.02 | quarterly | 2018-04-20 |
2018-01-04 | $0.02 | quarterly | 2018-01-19 |
2017-10-05 | $0.02 | quarterly | 2017-10-20 |
2017-07-05 | $0.02 | quarterly | 2017-07-21 |
2017-04-05 | $0.02 | quarterly | 2017-04-21 |
2017-01-04 | $0.02 | quarterly | 2017-01-20 |
2016-10-05 | $0.02 | quarterly | 2016-10-21 |
2016-06-29 | $0.02 | quarterly | 2016-07-15 |
2016-04-07 | $0.02 | quarterly | 2016-04-18 |
2016-01-06 | $0.02 | quarterly | 2016-01-22 |
2015-09-30 | $0.02 | quarterly | 2015-10-16 |
2015-07-08 | $0.02 | quarterly | 2015-07-24 |
2015-03-31 | $0.02 | quarterly | 2015-04-17 |
2014-12-30 | $0.02 | quarterly | 2015-01-16 |
2014-10-01 | $0.02 | quarterly | 2014-10-17 |
2014-07-09 | $0.02 | quarterly | 2014-07-25 |
2014-04-02 | $0.02 | quarterly | 2014-04-18 |
2013-12-31 | $0.02 | quarterly | 2014-01-17 |
2013-10-02 | $0.02 | quarterly | 2013-10-18 |
2013-07-02 | $0.02 | quarterly | 2013-07-19 |
2013-04-03 | $0.02 | quarterly | 2013-04-19 |
2013-01-02 | $0.02 | quarterly | 2013-01-18 |
Encore Wire Dividend per year
Encore Wire Dividend growth
Encore Wire Dividend Yield
Encore Wire current trailing twelve-month (TTM) dividend yield is 0.02%. Interested in purchasing Encore Wire stock? Use our calculator to estimate your expected dividend yield:
Encore Wire Financial Ratios
Encore Wire Dividend FAQ
Other factors to consider when evaluating Encore Wire as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Encore Wire's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Encore Wire publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Encore Wire distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Encore Wire are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Encore Wire sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Encore Wire distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Encore Wire declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Encore Wire's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Encore Wire's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.