Preformed Line Products announces quarterly dividend of $.20 per share

CLEVELAND - Preformed Line Products (NASDAQ:PLPC), a $1.02 billion market cap company, declared a regular quarterly dividend of $.20 per share on Thursday, according to a company press release. The company maintains strong financial health with a current ratio of 3.08, indicating robust liquidity.

The dividend will be payable on October 20, 2025, to shareholders of record at the close of business on October 1, 2025. According to InvestingPro, the company has maintained dividend payments for 51 consecutive years, with a current dividend yield of 0.4%.

Preformed Line Products, which specializes in creating products for energy and communications networks, maintains operations in 20 countries globally. The company provides solutions for network protection and reliability to customers worldwide.

The quarterly dividend announcement was approved by the company’s Board of Directors on September 18, 2025.

In other recent news, Preformed Line Products has secured a $27.4 million loan to finance the construction of a new manufacturing facility in Poland. The company announced that its subsidiary, PLP Poland (Belos) S.A., entered into a non-revolving investment loan agreement with Bank Polska Kasa Opieki Spółka Akcyjna (Bank Pekao S.A.). The loan agreement allows for financing up to PLN100.3 million, equivalent to $27.4 million. This facility is backed by Preformed Line Products and is secured by the existing PLP Poland manufacturing plant, the new plant under construction, and all fixed assets at both locations. These developments mark significant progress in the company’s expansion efforts in Poland. The move is expected to enhance production capabilities and support future growth.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.