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

Posted by Latisha Jones on Jun 29th, 2024

Preformed Line Products (NASDAQ:PLPC – Get Free Report) 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 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Monday, July 1st.

Preformed Line Products Trading Up 0.3 %

NASDAQ:PLPC opened at $124.54 on Friday. The company has a current ratio of 3.15, a quick ratio of 1.73 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $612.74 million, a price-to-earnings ratio of 12.04 and a beta of 0.70. The firm has a fifty day simple moving average of $128.63 and a two-hundred day simple moving average of $128.46. Preformed Line Products has a 12 month low of $104.96 and a 12 month high of $184.82.

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

Analyst Ratings Changes

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

Read Our Latest Stock Analysis on Preformed Line Products

About Preformed Line Products

(Get Free Report)

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.