Encore Wire (NASDAQ:WIRE) declared a dividend on May 5, 2021, which will be paid to stockholders on July 16, 2021. Encore Wire also announced that the dividend is payable to stockholders on the company’s books on or before July 2, 2021. The stock will thereafter go ex-dividend one or more business day(s) prior to the record date. The ex-dividend date for Encore Wire is July 1, 2021. The current dividend payout for the company is $0.02. At present prices, that translates to a dividend yield of 0.1 percent.
The ex-dividend date is the day on which a company’s stock stops trading with its current dividend distribution. Before the corporation declares a new dividend, there is a brief intermission period. The ex-dividend date of a company is usually one business day before the record date. When buying stocks, investors should keep this in mind because buying them on or after ex-dividend dates does not entitle them to the announced dividend. Dividends declared after the ex-dividend date are paid to shareholders who owned the shares before the ex-dividend date. On a quarterly basis, firms usually announce and execute new dividend yields.
Encore Wire’s dividend payouts have been constant over the past year, while its yields have decreased. The company’s payout was $0.02 on July 1, 2020, and it has since returned to that level. Encore Wire’s dividend yield was 0.19 percent last year, but it has subsequently dropped to 0.09 percent. Dividend yields are used in a variety of ways by businesses. Some businesses may choose to reinvest their earnings instead of paying out dividends. To manage how their shares move across the stock market, other corporations may choose to boost or decrease their yield amounts.
To learn more about Encore Wire’s prior dividends, click here.

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