Encore Wire Corporation(NASDAQ:WIRE) Declares Dividend of $0.0200.

Encore Wire Corporation (NASDAQ:WIRE) had declared a cash dividend of $0.0200 on Aug 19, 2016. The shares will quote ex-dividend on Oct 5, 2016 and the record date has been fixed for Oct 7, 2016. On Aug 19, 2016 share price, the yield comes out to be 0.2090%. The dividend payable date has been fixed on Oct 21, 2016.

In a different note, Singular Research said it Initiates Coverage on Encore Wire Corporation, according to a research note issued on May 31, 2016. The shares have been rated ‘Buy’ by the firm.

Encore Wire Corporation (WIRE) shares turned negative on Mondays trading session with the shares closing down -0.35 points or -0.88% at a volume of 58,466. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $39.83. The peak price level was also seen at $39.83 while the days lowest was $39.19. Finally the shares closed at $39.2. The 52-week high of the shares is $44.95 while the 52-week low is $30.343. According to the latest information available, the market cap of the company is $811 M.

Encore Wire Corporation(WIRE) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $238.83M. Analysts had an estimated revenue of $241.88M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.57.

Several Insider Transactions has been reported to the SEC. On Aug 10, 2015, Gregory J Fisher (director) purchased 1,500 shares at $33.30 per share price.Also, On Aug 7, 2015, Donald Eugene Courtney (director) purchased 5,000 shares at $33.00 per share price.On Mar 3, 2015, William R Iii Thomas (director) purchased 1,000 shares at $37.24 per share price, according to the Form-4 filing with the securities and exchange commission.

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 offers an electrical building wire product line that consists primarily of NM-B cable UF-B cable THHN/THWN-2 and other types of wire products including metal clad and armored cable. All of these products are manufactured with copper or aluminum as the conductor. The principal bases for differentiation among stock-keeping units (SKUs) are product type conductor type diameter insulation color and packaging.

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