Preformed Line Products (PLPC) to Issue Quarterly Dividend of $0.20 on October 21st

Preformed Line Products (NASDAQ:PLPC) declared a quarterly dividend on Wednesday, September 18th, Zacks reports. Shareholders of record on Tuesday, October 1st will be paid a dividend of 0.20 per share by the technology company on Monday, October 21st. This represents a $0.80 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Tuesday, October 1st.

Preformed Line Products Trading Up 0.1 %

NASDAQ:PLPC opened at $130.55 on Friday. The firm has a 50-day simple moving average of $121.17 and a 200-day simple moving average of $124.72. Preformed Line Products has a one year low of $104.96 and a one year high of $170.83. The firm has a market cap of $641.00 million, a P/E ratio of 12.63 and a beta of 0.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.57 and a current ratio of 2.93.

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

Wall Street Analyst Weigh In

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

Preformed Line Products Company Profile

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.