Preformed Line Products Company Announces Quarterly Dividend of $0.20 (NASDAQ:PLPC)

Key Points

• Preformed Line Products Company has declared a quarterly dividend of $0.20 per share, payable on October 20th to investors of record as of October 1st, representing a yield of 0.4%.
• The company's stock price recently increased by $5.24, closing at $206.03, with a market capitalization of $1.01 billion and a 1-year price range of $118.99 to $207.02.
• Several hedge funds have increased their stakes in Preformed Line Products, with a collective ownership of 41.19% of the company’s stock.

Preformed Line Products Company (NASDAQ:PLPC - Get Free Report) declared a quarterly dividend on Thursday, September 18th, RTT News reports. Shareholders of record on Wednesday, October 1st will be paid a dividend of 0.20 per share by the technology company on Monday, October 20th. This represents a c) annualized dividend and a yield of 0.4%.

Preformed Line Products Trading Down 2.1%

PLPC stock traded down $4.24 during trading on Friday, hitting $201.79. The company had a trading volume of 86,855 shares, compared to its average volume of 62,437. The stock has a market cap of $992.81 million, a PE ratio of 23.57 and a beta of 0.79. Preformed Line Products has a one year low of $118.99 and a one year high of $207.08. The business has a 50-day moving average of $173.99 and a 200-day moving average of $154.38. The company has a current ratio of 3.08, a quick ratio of 1.83 and a debt-to-equity ratio of 0.06.

Preformed Line Products (NASDAQ:PLPC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.56 earnings per share (EPS) for the quarter. Preformed Line Products had a return on equity of 9.69% and a net margin of 6.70%.The firm had revenue of $169.60 million for the quarter.

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.