MAYFIELD VILLAGE, Ohio,
Dec. 13, 2012 /PRNewswire/ -- The
Board of Directors of Preformed Line Products (Nasdaq: PLPC)
on December 12, 2012 declared
accelerated dividends of $.40 per
share on the Company's common shares, payable December 28, 2012 to shareholders of record at
the close of business on December 24,
2012.
Rob Ruhlman, Chairman and Chief
Executive Officer, said, "Due to the uncertainty of tax increases
on dividends in 2013, we believe the Board's decision to advance
two quarters of expected dividend payments is in the best interest
of our shareholders. This is not a special dividend payment
but rather accelerated quarterly dividends in lieu of the quarterly
dividends which would have been payable in January and April,
2013."
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 three domestic manufacturing centers, located in
Rogers, Arkansas, Albuquerque, New Mexico, and Albemarle, North
Carolina. The Company serves its worldwide market through
international operations in Argentina, Australia, Brazil, Canada, China, England, Indonesia, Malaysia, Mexico, New
Zealand, Poland,
South Africa, Spain and Thailand.
SOURCE Preformed Line Products Company