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

Preformed Line Products Company (NASDAQ:PLPC - Get Free Report) announced a quarterly dividend on Friday, June 20th, Wall Street Journal reports. Investors of record on Tuesday, July 1st will be given a dividend of 0.20 per share by the technology company on Sunday, July 20th. This represents a $0.80 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Tuesday, July 1st.

Preformed Line Products Trading Down 1.2%

PLPC traded down $1.84 during midday trading on Friday, reaching $153.64. 46,151 shares of the company were exchanged, compared to its average volume of 26,649. The stock has a market capitalization of $758.97 million, a P/E ratio of 19.45 and a beta of 0.75. Preformed Line Products has a one year low of $109.01 and a one year high of $158.47. The stock's 50-day simple moving average is $141.50 and its 200 day simple moving average is $137.02. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.81 and a current ratio of 3.08.

Preformed Line Products (NASDAQ:PLPC - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $2.33 earnings per share for the quarter. Preformed Line Products had a net margin of 6.49% and a return on equity of 9.16%. The business had revenue of $148.54 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Preformed Line Products from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th.

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.

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