Marine Products Corporation Announces Regular Quarterly Cash Dividend

Rhea-AI Summary

Marine Products Corporation (NYSE: MPX) announced a quarterly cash dividend of $0.12 per share, payable on June 10, 2022, to shareholders of record as of May 10, 2022. The company, a leader in fiberglass boat manufacturing under brands like Chaparral and Robalo, emphasizes its commitment to product innovation and market share growth. With a solid capital structure and a robust dealer network, Marine Products aims to enhance long-term shareholder value.

Positive

• Declared a quarterly cash dividend of $0.12 per share, indicating consistent shareholder returns.
• Strong capital structure supporting future growth.
• Commitment to product innovation may lead to increased market share.

Negative

• None.

ATLANTA, April 27, 2022 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.12 per share payable June 10, 2022 to common stockholders of record at the close of business on May 10, 2022. 

Marine Products Corporation (NYSE: MPX) is a leading manufacturer of fiberglass boats under the brand names Chaparral and Robalo. Chaparral's sterndrive models include SSi and SSX, along with the Chaparral Surf Series.  Chaparral's outboard offerings include OSX Luxury Sportboats, and SSi and SSX outboard models. Robalo builds an array of outboard sport fishing boats, which include center consoles, dual consoles and Cayman Bay Boat models. The Company continues to diversify its product lines through product innovation.  With premium brands, a solid capital structure, and a strong independent dealer network, Marine Products Corporation is prepared to capitalize on opportunities to increase its market share and to generate superior financial performance to build long-term shareholder value.  For more information on Marine Products Corporation visit our website at MarineProductsCorp.com.

For information contact:

BEN M. PALMER
Chief Financial Officer
(404) 321-7910
irdept@marineproductscorp.com 

JIM LANDERS
Vice President Corporate Services
(404) 321-2162
jlanders@marineproductscorp.com

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SOURCE Marine Products Corporation

FAQ

When is the dividend payment date for Marine Products Corporation (MPX)?

The dividend payment date is June 10, 2022.

What is the dividend amount declared by Marine Products Corporation (MPX)?

The declared dividend amount is $0.12 per share.

Who is eligible to receive the dividend from Marine Products Corporation (MPX)?

Shareholders on record as of May 10, 2022, are eligible to receive the dividend.

What brands does Marine Products Corporation (MPX) manufacture boats under?

Marine Products Corporation manufactures boats under the Chaparral and Robalo brands.