Preformed Line Products (NASDAQ:PLPC) Announces $0.20 Dividend

Preformed Line Products (NASDAQ:PLPC) declared a dividend on Saturday, June 20th, Fidelity reports. Stockholders of record on Wednesday, July 1st will be paid a dividend of 0.20 per share by the technology company on Tuesday, June 30th. The ex-dividend date of this dividend is Tuesday, June 30th.

Preformed Line Products has increased its dividend by an average of 33.3% per year over the last three years.

Shares of Preformed Line Products stock opened at $47.23 on Monday. Preformed Line Products has a 52 week low of $36.16 and a 52 week high of $76.60. The business’s fifty day simple moving average is $50.46 and its 200-day simple moving average is $53.02. The firm has a market cap of $235.20 million, a PE ratio of 9.56 and a beta of 1.07. The company has a quick ratio of 1.75, a current ratio of 2.99 and a debt-to-equity ratio of 0.27.

Preformed Line Products (NASDAQ:PLPC) last posted its earnings results on Friday, May 1st. The technology company reported $0.74 earnings per share (EPS) for the quarter. Preformed Line Products had a return on equity of 9.71% and a net margin of 5.59%. The firm had revenue of $102.85 million for the quarter.

Separately, TheStreet upgraded Preformed Line Products from a “c” rating to a “b-” rating in a report on Thursday, June 4th.

In other Preformed Line Products news, CFO Andrew S. Klaus acquired 4,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were acquired at an average price of $49.00 per share, for a total transaction of $196,000.00. Corporate insiders own 36.30% of the company’s stock.

About Preformed Line Products

Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems used in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operator, information, and other industries. The company offers formed wire and related hardware products to support, protect, terminate, and secure power conductor and communication cables, as well as to control cable dynamics; and hardware products to support and protect transmission conductors, spacers, spacer-dampers, stockbridge dampers, corona suppression devices, and various compression fittings for dead-end applications.

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Dividend History for Preformed Line Products (NASDAQ:PLPC)

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