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

Preformed Line Products (NASDAQ:PLPC) declared a quarterly dividend on Thursday, September 19th, Zacks reports. Stockholders 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 dividend yield of 0.66%. The ex-dividend date of this dividend is Tuesday, October 1st.

Preformed Line Products Price Performance

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

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

Analysts Set New Price Targets

Separately, StockNews.com downgraded 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.