PREFORMED LINE PRODUCTS ANNOUNCES QUARTERLY DIVIDEND

The Board of Directors of Preformed Line Products has declared a quarterly dividend of $.20 per share, payable on April 20, 2023.

Rhea-AI Summary

The Board of Directors of Preformed Line Products has declared a quarterly dividend of $.20 per share, payable on April 20, 2023. The record date for shareholders is April 3, 2023. This action reflects the company's ongoing commitment to return value to its investors while maintaining a strong financial position.

PLP operates in 20 countries, offering reliability in energy and communications solutions, thus contributing to its sustained market presence.

Positive

• Quarterly dividend of $.20 per share declared, reflecting financial stability.
• Commitment to returning value to shareholders.

Negative

• None.

Argus Publication session

-1.07% session move Open Argus

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News Market Reaction – PLPC

In the trading session that priced this news, PLPC declined 1.07%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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CLEVELAND, March 22, 2023 /PRNewswire/ -- The Board of Directors of Preformed Line Products (Nasdaq: PLPC) on March 22, 2023, declared a regular quarterly dividend in the amount of $.20 per share on the Company's common shares, payable April 20, 2023, to shareholders of record at the close of business on April 3, 2023.

ABOUT PLP

PLP protects the world's most critical connections by creating stronger and more reliable networks. The company's precision-engineered solutions are trusted by energy and communications providers worldwide to perform better and last longer. With locations in 20 countries, PLP works as a united global corporation, delivering high-quality products and unparalleled service to customers around the world.

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SOURCE Preformed Line Products

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by PLPC?

The Board of Directors declared a quarterly dividend of $.20 per share.

When will the PLPC dividend be paid?

The dividend will be payable on April 20, 2023.

What is the record date for the PLPC dividend?

The record date for shareholders is April 3, 2023.

How often does PLPC declare dividends?

PLPC typically declares quarterly dividends.

What industries does PLPC serve?

PLPC provides solutions for the energy and communications sectors.