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

Posted by Tech Dows on Mar 19th, 2025

Preformed Line Products (NASDAQ:PLPC – Get Free Report) declared a quarterly dividend on Wednesday, March 19th, RTT News reports. Stockholders 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 Stock Up 0.8 %

Shares of NASDAQ:PLPC traded up $1.14 on Wednesday, reaching $152.34. The company had a trading volume of 58,582 shares, 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 firm’s 50 day simple moving average is $134.53 and its 200-day simple moving average is $129.92. The firm has a market capitalization of $752.71 million, a PE ratio of 22.87 and a beta of 0.62. The company has a current ratio of 2.81, a quick ratio of 1.56 and a debt-to-equity ratio of 0.06.

Preformed Line Products (NASDAQ:PLPC – Get Free Report) last announced its earnings results on Thursday, March 13th. The technology company reported $2.13 earnings per share 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 for the quarter.

Analyst Ratings Changes

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

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Preformed Line Products Company Profile

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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.