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

Preformed Line Products (NASDAQ:PLPC) announced a quarterly dividend on Wednesday, March 19th, RTT News reports. Investors of record on Tuesday, April 1st will be paid a dividend of 0.20 per share by the technology company on Monday, April 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.53%.

Preformed Line Products Trading Up 0.8 %

Shares of PLPC stock traded up $1.14 on Wednesday, reaching $152.34. 58,582 shares of the company’s stock were exchanged, compared to its average volume of 15,789. Preformed Line Products has a 52 week low of $109.01 and a 52 week high of $154.90. The company has a current ratio of 2.81, a quick ratio of 1.56 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $752.71 million, a PE ratio of 22.87 and a beta of 0.62. The company’s fifty day simple moving average is $134.53 and its 200 day simple moving average is $129.92.

Preformed Line Products (NASDAQ:PLPC) last issued its quarterly earnings results on Thursday, March 13th. The technology company reported $2.13 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 $167.12 million during the quarter.

Wall Street Analysts Forecast Growth

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

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.