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

Preformed Line Products (NASDAQ:PLPC) declared a quarterly dividend on Monday, June 22nd, Wall Street Journal reports. Shareholders of record on Wednesday, July 1st will be given a dividend of 0.20 per share by the technology company on Monday, July 20th. This represents a $0.80 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Tuesday, June 30th.

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

Shares of PLPC stock opened at $47.23 on Monday. The firm has a 50-day moving average of $50.46 and a 200-day moving average of $53.02. The company has a market cap of $235.20 million, a P/E ratio of 9.56 and a beta of 1.07. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.99 and a quick ratio of 1.75. Preformed Line Products has a one year low of $36.16 and a one year high of $76.60.

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

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

Separately, TheStreet raised shares of Preformed Line Products from a “c” rating to a “b-” rating in a research note on Thursday, June 4th.

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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