Preformed Line Products (NASDAQ:PLPC) declared a dividend on Saturday, June 20th, Fidelity reports. Investors of record on Wednesday, July 1st will be paid a dividend of 0.20 per share by the technology company on Tuesday, June 30th. The ex-dividend date of this dividend is Tuesday, June 30th.
Preformed Line Products has raised its dividend by an average of 33.3% annually over the last three years.
Shares of PLPC traded down $3.15 during trading hours on Friday, reaching $47.23. The stock had a trading volume of 18,475 shares, compared to its average volume of 10,354. Preformed Line Products has a 12 month low of $36.16 and a 12 month high of $76.60. The firm has a 50-day simple moving average of $50.46 and a 200 day simple moving average of $53.02. The company has a current ratio of 2.99, a quick ratio of 1.75 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $235.20 million, a price-to-earnings ratio of 9.56 and a beta of 1.07.
In related news, CFO Andrew S. Klaus acquired 4,000 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were acquired at an average cost of $49.00 per share, for a total transaction of $196,000.00. 36.30% of the stock is owned by company insiders.
Separately, TheStreet upgraded Preformed Line Products from a “c” rating to a “b-” rating in a report on Thursday, June 4th.
About Preformed Line Products
Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems used in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operator, information, and other industries. The company offers formed wire and related hardware products to support, protect, terminate, and secure power conductor and communication cables, as well as to control cable dynamics; and hardware products to support and protect transmission conductors, spacers, spacer-dampers, stockbridge dampers, corona suppression devices, and various compression fittings for dead-end applications.
Recommended Story: What is the strike price in options trading?
Receive News & Ratings for Preformed Line Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Preformed Line Products and related companies with MarketBeat.com's FREE daily email newsletter.