Stable Payouts, Increasing Performance: Preformed Line Products Supports Investors with Growing Earnings
Portfolio Pulse from Benzinga Insights
Preformed Line Products (NASDAQ:PLPC) is set to distribute a dividend payout of $0.20 per share, translating to an annualized dividend yield of 0.47%. The company has maintained a steady dividend per share of $0.80 from 2019 to 2022, and has shown an upward trend in earnings, with earnings per share rising from $4.49 to $9.41. Powell Industries (NASDAQ:POWL) has the highest annualized dividend yield in the industry at 1.67%.
July 20, 2023 | 3:05 pm
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POSITIVE IMPACT
Preformed Line Products is distributing a dividend of $0.20 per share, with a steady dividend policy and rising earnings.
The company's steady dividend policy and rising earnings indicate a sound financial status, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Powell Industries has the highest annualized dividend yield in the industry at 1.67%.
While Powell Industries is mentioned as having the highest dividend yield in the industry, the news does not provide any specific information that would impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50