Preformed Line Products Company (PLPC) to Issue Quarterly Dividend of $0.21 on January 20th

Preformed Line Products Company (NASDAQ:PLPC) declared a quarterly dividend on Thursday, December 11th. Shareholders of record on Monday, January 5th will be given a dividend of 0.21 per share by the technology company on Tuesday, January 20th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, January 5th. This is a 5.0% increase from Preformed Line Products’s previous quarterly dividend of $0.20.

Preformed Line Products Trading Up 0.1%

Shares of NASDAQ:PLPC opened at $231.77 on Friday. The stock’s 50-day simple moving average is $213.28 and its two-hundred day simple moving average is $184.93. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 30.70 and a beta of 0.80. Preformed Line Products has a 52-week low of $118.99 and a 52-week high of $245.99. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.84 and a current ratio of 3.09.

Preformed Line Products (NASDAQ:PLPC) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.09 earnings per share for the quarter. The firm had revenue of $178.09 million for the quarter. Preformed Line Products had a net margin of 5.62% and a return on equity of 10.09%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PLPC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Preformed Line Products by 15,654.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 217,571 shares of the technology company’s stock worth $30,480,000 after purchasing an additional 216,190 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Preformed Line Products by 172.8% in the 1st quarter. Vanguard Group Inc. now owns 185,201 shares of the technology company’s stock worth $25,945,000 after purchasing an additional 117,323 shares in the last quarter. Nuveen LLC bought a new position in Preformed Line Products in the 1st quarter worth approximately $15,339,000. American Century Companies Inc. boosted its stake in Preformed Line Products by 47.0% in the 1st quarter. American Century Companies Inc. now owns 72,137 shares of the technology company’s stock worth $10,106,000 after purchasing an additional 23,080 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Preformed Line Products by 81.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 42,713 shares of the technology company’s stock valued at $8,378,000 after buying an additional 19,216 shares in the last quarter. Hedge funds and other institutional investors own 41.19% of the company’s stock.

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.