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 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, October 1st.

Preformed Line Products Stock Down 2.1 %

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

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

Analysts Set New Price Targets

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.