Marine Products Corporation Announces Regular Quarterly Cash Dividend

Rhea-AI Summary

Marine Products Corporation (NYSE: MPX) has announced a regular quarterly cash dividend of $0.12 per share, payable on March 10, 2022. The dividend will be distributed to stockholders of record as of the close of business on February 10, 2022. As a leading manufacturer of fiberglass boats under the Chaparral and Robalo brands, the company aims to enhance its market share and financial performance through product innovation and a robust dealer network.

Positive

• Declared a quarterly dividend of $0.12 per share.
• Strong capital structure supports dividend sustainability.
• Commitment to product innovation and market expansion.

Negative

• None.

 

ATLANTA, Jan. 26, 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 March 10, 2022 to common stockholders of record at the close of business on February 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

What is the dividend amount declared by Marine Products Corporation?

Marine Products Corporation has declared a quarterly cash dividend of $0.12 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on March 10, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is February 10, 2022.

How does Marine Products Corporation plan to enhance its market share?

The company aims to enhance its market share through product innovation and a strong independent dealer network.