Preformed Line Products (NASDAQ:PLPC) Plans $0.20 Quarterly Dividend

Preformed Line Products (NASDAQ:PLPCGet Free Report) announced 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 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, October 1st.

Preformed Line Products Price Performance

Preformed Line Products stock opened at $120.32 on Friday. 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 firm’s 50-day simple moving average is $121.05 and its 200 day simple moving average is $124.89. Preformed Line Products has a 52 week low of $104.96 and a 52 week high of $170.83. The firm has a market capitalization of $590.77 million, a PE ratio of 11.64 and a beta of 0.61.

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

Analysts Set New Price Targets

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

Get Our Latest Analysis on PLPC

Preformed Line Products Company Profile

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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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Dividend History for Preformed Line Products (NASDAQ:PLPC)

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