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

Posted by Steven Smith on Dec 21st, 2024

Preformed Line Products (NASDAQ:PLPC – Get Free Report) announced a quarterly dividend on Thursday, December 19th,Wall Street Journal reports. Investors of record on Tuesday, January 7th will be paid a dividend of 0.20 per share by the technology company on Tuesday, January 21st. This represents a $0.80 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Tuesday, January 7th.

Preformed Line Products Trading Down 2.1 %

Shares of Preformed Line Products stock opened at $124.19 on Friday. Preformed Line Products has a fifty-two week low of $109.01 and a fifty-two week high of $145.28. The business’s fifty day moving average is $131.53 and its two-hundred day moving average is $125.91. The company has a quick ratio of 1.56, a current ratio of 2.81 and a debt-to-equity ratio of 0.06. The firm has a market cap of $608.28 million, a PE ratio of 18.65 and a beta of 0.60.

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

Wall Street Analyst Weigh In

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

Read Our Latest Report on PLPC

Preformed Line Products Company Profile

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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.