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

Preformed Line Products (NASDAQ:PLPC) announced a quarterly dividend on Thursday, December 19th,Wall Street Journal reports. Shareholders of record on Tuesday, January 7th will be given a dividend of 0.20 per share by the technology company on Tuesday, January 21st. This represents a $0.80 annualized dividend and a yield of 0.63%. The ex-dividend date is Tuesday, January 7th.

Preformed Line Products Stock Performance

NASDAQ:PLPC opened at $126.88 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.56 and a current ratio of 2.81. Preformed Line Products has a fifty-two week low of $109.01 and a fifty-two week high of $145.28. The company has a 50 day simple moving average of $131.52 and a two-hundred day simple moving average of $125.97. The company has a market capitalization of $621.46 million, a PE ratio of 19.05 and a beta of 0.60.

Preformed Line Products (NASDAQ:PLPC) last released its quarterly earnings results on Wednesday, October 30th. The technology company reported $1.54 earnings per share (EPS) for the quarter. Preformed Line Products had a return on equity of 7.88% and a net margin of 5.76%. The business had revenue of $146.97 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Preformed Line Products from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 19th.

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.