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

Key Points

• Preformed Line Products Company announced a quarterly dividend of $0.20 per share, with the payment date set for October 20th to shareholders of record on October 1st.
• As of the article's date, PLPC stock reached $206.03, with a market cap of $1.01 billion and a price-to-earnings ratio of 24.07.
• Institutional investors own 41.19% of Preformed Line Products, with notable growth in shares by several firms in the recent quarters.

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

Preformed Line Products Price Performance

NASDAQ:PLPC traded down $4.24 during trading hours on Friday, reaching $201.79. The stock had a trading volume of 86,855 shares, compared to its average volume of 62,437. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.83 and a current ratio of 3.08. Preformed Line Products has a 52 week low of $118.99 and a 52 week high of $207.08. The company has a 50 day moving average price of $173.99 and a two-hundred day moving average price of $154.38. The stock has a market capitalization of $992.81 million, a PE ratio of 23.57 and a beta of 0.79.

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

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.