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Encore Wire (WIRE) Approves $0.02 Per Share Quarterly Dividend
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Encore Wire Corporation (NASDAQ: WIRE) announced today that the Company's Board of Directors has declared a cash dividend.
Daniel L. Jones, President and Chief Executive Officer of Encore Wire Corporation, said, "This two-cent per share dividend will be paid on July 24, 2009, to stockholders of record at the close of business on July 10, 2009. 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."
Current annual dividend yield is 0.40%.
Encore Wire Corporation manufactures a broad range of copper electrical wire for interior wiring in homes, apartments, manufactured housing and commercial and industrial buildings. [SM]
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