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

Preformed Line Products (NASDAQ:PLPC) announced a quarterly dividend on Wednesday, June 19th, Zacks reports. Shareholders of record on Monday, July 1st will be given a dividend of 0.20 per share by the technology company on Friday, July 19th. This represents a $0.80 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Monday, July 1st.

Preformed Line Products Stock Down 2.8 %

PLPC stock opened at $128.13 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.15 and a quick ratio of 1.73. Preformed Line Products has a 1-year low of $104.96 and a 1-year high of $184.82. The firm has a fifty day moving average price of $128.58 and a two-hundred day moving average price of $128.63. The firm has a market cap of $630.40 million, a price-to-earnings ratio of 12.39 and a beta of 0.70.

Preformed Line Products (NASDAQ:PLPC) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported $1.94 earnings per share (EPS) for the quarter. Preformed Line Products had a net margin of 8.20% and a return on equity of 12.67%. The company had revenue of $140.90 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Preformed Line Products from a “strong-buy” rating to a “buy” rating in a report on Friday, June 7th.

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.