Preformed Line Products Announces Quarterly Dividend

The Board of Directors of Preformed Line Products Company (Nasdaq: PLPC) declared a regular quarterly dividend of $.20 per share on March 18, 2021.

Rhea-AI Summary

The Board of Directors of Preformed Line Products Company (Nasdaq: PLPC) declared a regular quarterly dividend of $.20 per share on March 18, 2021. This dividend is payable on April 20, 2021, to shareholders on record at the close of business on April 1, 2021. Founded in 1947, Preformed Line Products specializes in designing and manufacturing systems for energy and communications networks, operating globally with headquarters in Mayfield Village, Ohio.

Positive

• Quarterly dividend of $.20 per share demonstrates financial stability and commitment to shareholders.
• Scheduled payment date of April 20, 2021, provides certainty for investors.

Negative

• None.

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News Market Reaction – PLPC

In the trading session that priced this news, PLPC declined 8.81%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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MAYFIELD VILLAGE, Ohio, March 18, 2021 /PRNewswire/ -- The Board of Directors of Preformed Line Products Company (Nasdaq: PLPC) on March 18, 2021 declared a regular quarterly dividend in the amount of $.20 per share on the Company's common shares, payable April 20, 2021 to shareholders of record at the close of business on April 1, 2021.

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, France, Great Britain, Indonesia, Malaysia, Mexico, New Zealand, Poland, Russia, South Africa, Spain, Thailand and Vietnam.

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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 (PLPC)?

The dividend amount declared by Preformed Line Products is $.20 per share.

When is the dividend payment date for PLPC?

The dividend payment date for Preformed Line Products is April 20, 2021.

What is the record date for the dividend for PLPC?

The record date for the dividend is April 1, 2021.

How often does Preformed Line Products pay dividends?

Preformed Line Products pays dividends quarterly.