PREFORMED LINE PRODUCTS ANNOUNCES QUARTERLY DIVIDEND

The Board of Directors of Preformed Line Products (Nasdaq: PLPC) declared a quarterly dividend of $.20 per share on December 15, 2021.

Rhea-AI Summary

The Board of Directors of Preformed Line Products (Nasdaq: PLPC) declared a quarterly dividend of $.20 per share on December 15, 2021. The dividend is payable on January 20, 2022, to shareholders recorded at the close of business on January 3, 2022. This decision highlights PLP's commitment to returning value to its shareholders and maintaining financial stability. PLP continues to operate globally, providing reliable network solutions for energy and communications sectors.

Positive

• Quarterly dividend of $.20 per share enhances shareholder returns.
• Demonstrates company commitment to maintaining financial stability.

Negative

• None.

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News Market Reaction – PLPC

In the trading session that priced this news, PLPC declined 1.43%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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CLEVELAND, Dec. 15, 2021 /PRNewswire/ -- The Board of Directors of Preformed Line Products (Nasdaq: PLPC) on December 15, 2021, declared a regular quarterly dividend in the amount of $.20 per share on the Company's common shares, payable January 20, 2022, to shareholders of record at the close of business on January 3, 2022.

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 over 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 Preformed Line Products?

The declared dividend amount is $.20 per share.

When will the dividend be paid?

The dividend will be paid on January 20, 2022.

What is the record date for the dividend payment?

The record date is January 3, 2022.

How often does Preformed Line Products declare dividends?

Preformed Line Products declares dividends quarterly.