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

Preformed Line Products (NASDAQ:PLPC) declared a quarterly dividend on Thursday, December 19th,Wall Street Journal reports. Stockholders 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 dividend yield of 0.63%. The ex-dividend date of this dividend is Tuesday, January 7th.

Preformed Line Products Stock Up 0.6 %

Preformed Line Products stock traded up $0.75 during midday trading on Thursday, hitting $126.88. The stock had a trading volume of 13,287 shares, compared to its average volume of 14,528. The business has a fifty day moving average price of $131.41 and a 200 day moving average price of $125.96. Preformed Line Products has a 12 month low of $109.01 and a 12 month high of $145.28. The stock has a market cap of $621.46 million, a P/E ratio of 19.05 and a beta of 0.60. The company has a current ratio of 2.81, a quick ratio of 1.56 and a debt-to-equity ratio of 0.06.

Preformed Line Products (NASDAQ:PLPC) last announced its quarterly earnings data 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 firm had revenue of $146.97 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded 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.