Preformed Line Products Announces Quarterly Dividend

Rhea-AI Summary

On June 18, 2020, the Board of Directors of Preformed Line Products (Nasdaq: PLPC) declared a quarterly dividend of $.20 per share on common shares, payable on July 20, 2020, to shareholders of record as of July 1, 2020. Founded in 1947, Preformed is an international designer and manufacturer of construction and maintenance products for energy and communication networks, with headquarters in Mayfield Village, Ohio, and additional manufacturing centers in Rogers, Arkansas and Albemarle, North Carolina.

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Positive

• Quarterly dividend of $.20 per share indicates strong shareholder returns.

Negative

• None.

News Market Reaction – PLPC

-1.54%

-1.54% News Effect

On the day this news was published, PLPC declined 1.54%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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MAYFIELD VILLAGE, Ohio, June 19, 2020 /PRNewswire/ -- The Board of Directors of Preformed Line Products (Nasdaq: PLPC) on June 18, 2020 declared a regular quarterly dividend in the amount of $.20 per share on the Company's common shares, payable July 20, 2019 to shareholders of record at the close of business on July 1, 2020.

Founded in 1947, Preformed Line Products is an international designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for energy, communications and broadband network companies.

Preformed's world headquarters are in Mayfield Village, Ohio, and the Company operates two domestic manufacturing centers located in Rogers, Arkansas, and Albemarle, North Carolina.  The Company serves its worldwide market through international operations in Argentina, Australia, Austria, Brazil, Canada, China, Colombia, Czech Republic, England, France, Indonesia, Malaysia, Mexico, New Zealand, Poland, Russia, South Africa, Spain, Thailand, and Vietnam.

 

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SOURCE Preformed Line Products Company

FAQ

What is the dividend amount declared by Preformed Line Products?

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

When will the dividend be paid to shareholders of PLPC?

The dividend will be paid on July 20, 2020.

What is the record date for the dividend payment of PLPC?

The record date is July 1, 2020.

How often does Preformed Line Products pay dividends?

Preformed Line Products pays dividends quarterly.