Analyzing Encore Wire's Ex-Dividend Date

On May 5, 2021, Encore Wire WIRE declared a dividend payable on July 16, 2021 to its shareholders. Encore Wire also announced that shareholders on the company's books on or before July 2, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Encore Wire has an ex-dividend date planned for July 1, 2021. The company's current dividend payout sits at $0.02. That equates to a dividend yield of 0.1% at current price levels.

Understanding Ex-Dividend Dates'

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Encore Wire's Dividend Payouts And Yields

Over the past year, Encore Wire has seen its dividend payouts remain the same and its yields trend downward. Last year on July 1, 2020 the company's payout sat at $0.02, which has returned to its value today. Encore Wire's dividend yield last year was 0.19%, which has since decreased by 0.09%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on Encore Wire's previous dividends.