Preformed Line Products (PLPC) to Issue Quarterly Dividend of $0.20 on April 21st

Preformed Line Products (NASDAQ:PLPC) announced a quarterly dividend on Wednesday, March 19th, RTT News reports. Shareholders of record on Tuesday, April 1st will be given a dividend of 0.20 per share by the technology company on Monday, April 21st. This represents a $0.80 annualized dividend and a yield of 0.54%.

Preformed Line Products Trading Down 2.5 %

Shares of PLPC stock opened at $148.54 on Friday. The company has a 50 day moving average of $135.52 and a 200-day moving average of $130.20. The company has a quick ratio of 1.56, a current ratio of 2.81 and a debt-to-equity ratio of 0.06. Preformed Line Products has a 12-month low of $109.01 and a 12-month high of $154.90. The firm has a market cap of $733.94 million, a P/E ratio of 22.30 and a beta of 0.62.

Preformed Line Products (NASDAQ:PLPC) last issued its earnings results on Thursday, March 13th. The technology company reported $2.13 earnings per share (EPS) for the quarter. The business had revenue of $167.12 million for the quarter. Preformed Line Products had a net margin of 5.76% and a return on equity of 7.88%.

Analyst Ratings Changes

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

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.