NEW YORK ( TheStreet) -- The ex-dividend date for Encore Wire Corporation (Nasdaq: WIRE) is tomorrow, October 5, 2011. Owners of shares as of market close today will be eligible for a dividend of 2 cents per share. At a price of $20.17 as of 9:31 a.m. ET, the dividend yield is 0.4%.

The average volume for Encore Wire has been 127,600 shares per day over the past 30 days. Encore Wire has a market cap of $479.4 million and is part of the industrial goods sector and industrial industry. Shares are down 19.3% year to date as of the close of trading on Monday.

Encore Wire Corporation manufactures and sells copper electrical building wires and cables primarily in the United States. The company has a P/E ratio of 16.1, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Encore Wire as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Encore Wire Ratings Report.

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