Encore Wire Co. (NASDAQ:WIRE) announced a quarterly dividend on Thursday, November 9th, Wall Street Journal reports. Investors of record on Friday, January 5th will be given a dividend of 0.02 per share by the electronics maker on Friday, January 19th. This represents a $0.08 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date is Thursday, January 4th.

Shares of Encore Wire (WIRE) opened at $49.40 on Wednesday. The firm has a market cap of $1,012.66, a PE ratio of 20.67, a P/E/G ratio of 2.10 and a beta of 2.31. Encore Wire has a 52 week low of $37.30 and a 52 week high of $49.75.

Encore Wire (NASDAQ:WIRE) last posted its earnings results on Tuesday, October 31st. The electronics maker reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.12. The business had revenue of $292.00 million for the quarter, compared to analysts’ expectations of $279.60 million. Encore Wire had a net margin of 4.53% and a return on equity of 8.42%. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 earnings per share. equities analysts anticipate that Encore Wire will post 2.32 earnings per share for the current fiscal year.

A number of analysts recently weighed in on WIRE shares. Zacks Investment Research raised shares of Encore Wire from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. Sidoti started coverage on shares of Encore Wire in a research note on Thursday, October 19th. They issued a “neutral” rating on the stock. TheStreet raised shares of Encore Wire from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Finally, BidaskClub upgraded shares of Encore Wire from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 27th.

In other Encore Wire news, VP Frank J. Bilban sold 9,814 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $48.30, for a total value of $474,016.20. Following the transaction, the vice president now directly owns 56,934 shares in the company, valued at $2,749,912.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Frank J. Bilban sold 1,557 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $47.51, for a total transaction of $73,973.07. Following the completion of the transaction, the chief financial officer now owns 56,934 shares in the company, valued at $2,704,934.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,507 shares of company stock worth $790,449. Company insiders own 3.79% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Encore Wire Co. (WIRE) to Issue Quarterly Dividend of $0.02 on January 19th” was posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://www.watchlistnews.com/encore-wire-co-wire-to-issue-quarterly-dividend-of-0-02-on-january-19th/1792824.html.

About Encore Wire

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 (NASDAQ:WIRE)

Receive News & Ratings for Encore Wire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encore Wire and related companies with MarketBeat.com's FREE daily email newsletter.