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

Preformed Line Products (NASDAQ:PLPC - Get Free Report) announced 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 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Tuesday, January 7th.

Preformed Line Products Trading Up 0.6 %

NASDAQ PLPC traded up $0.75 during mid-day trading on Thursday, reaching $126.88. 13,287 shares of the stock were exchanged, compared to its average volume of 14,545. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 1.56. The stock has a market cap of $621.46 million, a P/E ratio of 19.05 and a beta of 0.60. The stock has a 50 day simple moving average of $131.52 and a 200-day simple moving average of $125.97. Preformed Line Products has a one year low of $109.01 and a one year high of $145.28.

Preformed Line Products (NASDAQ:PLPC - Get Free Report) 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 company had revenue of $146.97 million for 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, 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.