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

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. Investors 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

Preformed Line Products stock traded up $4.54 during midday trading on Monday, reaching $206.33. 75,023 shares of the stock were exchanged, compared to its average volume of 64,624. The company's fifty day moving average is $174.73 and its 200-day moving average is $155.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.83 and a current ratio of 3.08. The firm has a market cap of $1.02 billion, a PE ratio of 24.10 and a beta of 0.79. Preformed Line Products has a 52 week low of $118.99 and a 52 week high of $207.08.

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

Institutional Trading of Preformed Line Products

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SummerHaven Investment Management LLC increased its holdings in Preformed Line Products by 1.5% during the 1st quarter. SummerHaven Investment Management LLC now owns 6,574 shares of the technology company's stock worth $921,000 after acquiring an additional 95 shares during the period. Bank of America Corp DE increased its holdings in Preformed Line Products by 6.6% during the 2nd quarter. Bank of America Corp DE now owns 1,609 shares of the technology company's stock worth $257,000 after acquiring an additional 100 shares during the period. Pullen Investment Management LLC increased its holdings in shares of Preformed Line Products by 0.9% in the 2nd quarter. Pullen Investment Management LLC now owns 10,921 shares of the technology company's stock worth $1,745,000 after buying an additional 101 shares during the last quarter. Ausbil Investment Management Ltd increased its holdings in shares of Preformed Line Products by 1.6% in the 2nd quarter. Ausbil Investment Management Ltd now owns 6,716 shares of the technology company's stock worth $1,073,000 after buying an additional 108 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in shares of Preformed Line Products by 3.5% in the 2nd quarter. Quantinno Capital Management LP now owns 3,823 shares of the technology company's stock worth $611,000 after buying an additional 128 shares during the last quarter. Institutional investors own 41.19% of the company's stock.

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.