Preformed Line Products Company (NASDAQ:PLPC) to Issue $0.21 Quarterly Dividend

Preformed Line Products Company (NASDAQ:PLPC) announced a quarterly dividend on Thursday, June 18th. Stockholders of record on Wednesday, July 1st will be given a dividend of 0.21 per share by the technology company on Monday, July 20th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, July 1st.

Preformed Line Products Stock Up 5.5%

NASDAQ PLPC opened at $384.27 on Friday. The stock has a market capitalization of $1.88 billion, a P/E ratio of 55.29 and a beta of 0.90. Preformed Line Products has a 52 week low of $139.04 and a 52 week high of $397.34. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.78 and a current ratio of 3.01. The stock has a fifty day moving average of $349.70 and a 200-day moving average of $283.67.

Preformed Line Products (NASDAQ:PLPC) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.32. The business had revenue of $176.28 million for the quarter, compared to analysts’ expectations of $178.00 million. Preformed Line Products had a return on equity of 8.96% and a net margin of 4.92%.

About Preformed Line Products

Preformed Line Products Company (NASDAQ: PLPC) is a global manufacturer of engineered solutions for electric, telecommunications and industrial infrastructure networks. The company designs, engineers and produces a broad portfolio of products, including preformed wire and cable fittings, anchors, suspension and tension clamps, splice closures and optical fiber hardware. These durable components support the installation, repair and maintenance of overhead and underground systems, helping utilities and contractors manage reliability and safety in demanding environments.

Founded in 1947 and headquartered in Mayfield Village, Ohio, Preformed Line Products operates manufacturing facilities and distribution centers across North America, Europe and the Asia Pacific region.