Preformed Line Products (NASDAQ:PLPC) to Issue Quarterly Dividend of $0.20

Preformed Line Products (NASDAQ:PLPC) declared a quarterly dividend on Thursday, September 19th, Zacks reports. Shareholders of record on Tuesday, October 1st will be given a dividend of 0.20 per share by the technology company on Monday, October 21st. This represents a $0.80 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, October 1st.

Preformed Line Products Stock Performance

Preformed Line Products stock opened at $120.32 on Friday. Preformed Line Products has a 12-month low of $104.96 and a 12-month high of $170.83. The company has a quick ratio of 1.57, a current ratio of 2.93 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average price is $121.05 and its two-hundred day moving average price is $124.89. The stock has a market cap of $590.77 million, a PE ratio of 11.64 and a beta of 0.61.

Preformed Line Products (NASDAQ:PLPC) last released its earnings results on Wednesday, July 31st. The technology company reported $1.89 earnings per share (EPS) for the quarter. Preformed Line Products had a return on equity of 9.83% and a net margin of 6.90%. The firm had revenue of $138.72 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Preformed Line Products from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 7th.

About Preformed Line Products

Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems that are used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable, data communication, and other industries. The company offers optical ground wire products to support, protect, terminate, and splice transmission and distribution lines, as well as bolted, welded, and compressed connectors for substations; and string hardware products, polymer insulators, wildlife protection, substation fittings, and motion control devices.