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

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

Preformed Line Products Trading Up 0.6 %

PLPC stock opened at $126.88 on Friday. The company has a market capitalization of $621.46 million, a PE ratio of 19.05 and a beta of 0.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.56 and a current ratio of 2.81. Preformed Line Products has a one year low of $109.01 and a one year high of $145.28. The company’s 50 day moving average price is $131.52 and its two-hundred day moving average price is $125.97.

Preformed Line Products (NASDAQ:PLPC) last issued its earnings results on Wednesday, October 30th. The technology company reported $1.54 earnings per share for the quarter. The company had revenue of $146.97 million during the quarter. Preformed Line Products had a return on equity of 7.88% and a net margin of 5.76%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Preformed Line Products from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 19th.

About Preformed Line Products

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.