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

Preformed Line Products Company (NASDAQ:PLPC) 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 Price Performance

Shares of Preformed Line Products stock traded up $2.49 during mid-day trading on Friday, reaching $233.99. 19,061 shares of the stock traded hands, compared to its average volume of 69,456. The stock has a market capitalization of $1.15 billion, a PE ratio of 30.61 and a beta of 0.80. The business has a 50-day moving average of $212.64 and a 200 day moving average of $184.28. Preformed Line Products has a fifty-two week low of $118.99 and a fifty-two week 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.

Preformed Line Products (NASDAQ:PLPC) last issued 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 return on equity of 10.09% and a net margin of 5.62%.The firm had revenue of $178.09 million for the quarter.

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.