Dividend Flows: Encore Wire Corporation (NASDAQ:WIRE) expected to pay $0.02 on Oct 21, 2016

Dividend Flows: Encore Wire Corporation (NASDAQ:WIRE) expected to pay $0.02 on Oct 21, 2016

Encore Wire Corporation (NASDAQ:WIRE) is expected to pay $0.02 on Oct 21, 2016. The indicated annual dividend is $0.08. Shareholders owning the stock before Oct 5, 2016 will be eligible to receive the payout. Based on Encore Wire Corporation’s current price of $37.12, the dividend is 0.05%. This dividend’s record date is Oct 7, 2016 and the announcement date is Aug 22, 2016. The stock increased 0.95% or $0.35 during the last trading session, hitting $37.12. Encore Wire Corporation (NASDAQ:WIRE) has declined 0.32% since March 1, 2016 and is downtrending. It has underperformed by 9.56% the S&P500.

Encore Wire Corporation is a manufacturer of electrical building wire and cable. The company has a market cap of $783.59 million. The Firm is a supplier of building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments and manufactured housing. It has a 18.39 P/E ratio. The Firm operates in the manufacture of 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 segment.

Insitutional Activity: The institutional sentiment decreased to 1.3 in Q2 2016. Its down 0.34, from 1.64 in 2016Q1. The ratio worsened, as 11 funds sold all Encore Wire Corporation shares owned while 42 reduced positions. 15 funds bought stakes while 54 increased positions. They now own 18.05 million shares or 6.05% more from 17.02 million shares in 2016Q1.
Granite Invest Partners Limited has 0.67% invested in the company for 229,219 shares. Art Advsrs Ltd Liability accumulated 0.02% or 9,274 shares. Morgan Stanley has invested 0% of its portfolio in Encore Wire Corporation (NASDAQ:WIRE). Schwab Charles Inv Mgmt Inc has 0.01% invested in the company for 132,182 shares. Diversified Trust accumulated 12,357 shares or 0.05% of the stock. Wells Fargo & Mn holds 0% of its portfolio in Encore Wire Corporation (NASDAQ:WIRE) for 14,046 shares. First Quadrant L P Ca last reported 0.02% of its portfolio in the stock. Vanguard holds 1.53 million shares or 0% of its portfolio. Metropolitan Life Ny has 15,605 shares for 0% of their US portfolio. Blackrock Investment Management Ltd Liability Com owns 93,359 shares or 0% of their US portfolio. Heartland Advsrs Inc holds 0.75% of its portfolio in Encore Wire Corporation (NASDAQ:WIRE) for 359,459 shares. Walleye Trading Lc last reported 0% of its portfolio in the stock. Globeflex Cap Ltd Partnership last reported 0.26% of its portfolio in the stock. Hancock, a Mississippi-based fund reported 200,160 shares. Alpha Windward Ltd Liability owns 10,860 shares or 0.29% of their US portfolio.

Encore Wire Corporation (NASDAQ:WIRE) Ratings Coverage

Out of 2 analysts covering Encore Wire (NASDAQ:WIRE), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Encore Wire has been the topic of 3 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Singular Research on Tuesday, May 31.

More news for Encore Wire Corporation (NASDAQ:WIRE) were recently published by: Seekingalpha.com, which released: “Encore Wire’s (WIRE) CEO Daniel Jones on Q2 2016 Results – Earnings Call …” on July 31, 2016. Businesswire.com‘s article titled: “Encore Wire Reports First Quarter Results” and published on April 27, 2016 is yet another important article.

WIRE Company Profile

Encore Wire Corporation, incorporated on April 5, 1989, is a maker of electrical building wire and cable. The Firm is a supplier of building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments and manufactured housing. The Firm operates in the manufacture of 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 segment. The Firm 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 primary bases for differentiation among stock-keeping units (SKUs) are product type, conductor type, diameter, insulation, color and packaging.

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