Preformed Line Products Announces Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Preformed Line Products (Nasdaq: PLPC) declared a quarterly dividend of $.20 per share on December 17, 2020. This dividend will be payable on January 20, 2021 to shareholders of record as of the close of business on January 4, 2021. Founded in 1947, Preformed Line Products designs and manufactures systems for energy and communications networks. The company operates in various countries, demonstrating its extensive international presence.

Positive

• Quarterly dividend of $.20 declared, indicating financial stability.
• Dividend payment reflects management's confidence in ongoing profitability.

Negative

• None.

MAYFIELD VILLAGE, Ohio, Dec. 17, 2020 /PRNewswire/ -- The Board of Directors of Preformed Line Products (Nasdaq: PLPC) on December 17, 2020, declared a regular quarterly dividend in the amount of $.20 per share on the Company's common shares, payable January 20, 2021 to shareholders of record at the close of business on January 4, 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, 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 for PLPC and when is it payable?

The dividend amount is $.20 per share, payable on January 20, 2021.

What is the record date for the PLPC dividend?

The record date for the dividend is January 4, 2021.

When was the PLPC dividend declared?

The dividend was declared on December 17, 2020.