Preformed Line Products Company (NASDAQ:PLPC) Announces Quarterly Dividend of $0.21

by · The Cerbat Gem

Preformed Line Products Company (NASDAQ:PLPC – Get Free Report) announced a quarterly dividend on Thursday, December 11th. Shareholders of record on Monday, January 5th will be given a dividend of 0.21 per share by the technology company on Tuesday, January 20th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, January 5th. This is a 5.0% increase from Preformed Line Products’s previous quarterly dividend of $0.20.

Preformed Line Products Stock Up 0.6%

Shares of NASDAQ PLPC traded up $1.35 during trading on Friday, reaching $232.85. The company had a trading volume of 39,243 shares, compared to its average volume of 69,536. Preformed Line Products has a 12-month low of $118.99 and a 12-month high of $245.99. The company has a quick ratio of 1.84, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average is $212.64 and its 200 day moving average is $184.28. The stock has a market cap of $1.14 billion, a PE ratio of 30.84 and a beta of 0.80.

Preformed Line Products (NASDAQ:PLPC – Get Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The technology company reported $2.09 earnings per share (EPS) for the quarter. Preformed Line Products had a net margin of 5.62% and a return on equity of 10.09%. The company had revenue of $178.09 million for the quarter.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Preformed Line Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings restated a “buy (b-)” rating on shares of Preformed Line Products in a report on Monday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Get Our Latest Stock Analysis on PLPC

About Preformed Line Products

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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.

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