Encore Wire Corporation | PRESS RELEASE | August 15, 2012 | |
1329 Millwood Road | |||
McKinney, Texas 75069 | Contact: | Frank J. Bilban | |
972-562-9473 | Vice President & CFO | ||
For Immediate Release |
MCKINNEY, TX - Encore Wire Corporation (NASDAQ Global Select:
WIRE) announced today that the
Company's Board of Directors has declared a cash
dividend.
Daniel L. Jones, President and Chief Executive Officer of
Encore Wire Corporation, said, "This two-cent per share
dividend will be paid on October 19, 2012, to stockholders of
record at the close of business on October 5, 2012. Any
future quarterly dividends will be paid subject to earnings
and cash flow considerations. We appreciate our stockholders'
commitment to the continued growth of Encore Wire. We will
continue to manage the Company for the long-term and strive
to protect our strong balance sheet."
Encore Wire Corporation manufactures a broad range of copper
electrical wire for interior wiring in commercial and
industrial buildings, homes, apartments and manufactured
housing.
The matters discussed in this news release, other than the
historical financial information, including statements about
the copper pricing environment, profitability and stockholder
value, may include forward-looking statements that involve
risks and uncertainties, including payment of future
dividends, future purchases of stock, fluctuations in the
price of copper and other raw materials, the impact of
competitive pricing and other risks detailed from time to
time in the Company's reports filed with the Securities and
Exchange Commission. Actual results may vary materially from
those anticipated.
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