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 September 10, 2021. To qualify, investors must hold shares at the close of business on August 10, 2021. The company, recognized for its premium fiberglass boats under brands like Chaparral and Robalo, emphasizes product innovation and market share growth. With a strong capital structure and dealer network, Marine Products aims to enhance long-term shareholder value.

Positive

• Quarterly cash dividend of $0.12 per share demonstrates commitment to returning value to shareholders.
• Well-established brand presence in the fiberglass boat market with Chaparral and Robalo.
• Strong capital structure and independent dealer network support growth opportunities.

Negative

• None.

ATLANTA, July 28, 2021 /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 September 10, 2021 to common stockholders of record at the close of business on August 10, 2021. 

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 various models, such as OSX Luxury Sportboats, the 267 SSX OB, and SSi 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 announced by Marine Products Corporation?

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

When is the dividend payable for MPX?

The dividend is payable on September 10, 2021.

What is the record date for the dividend by Marine Products Corporation?

The record date for the dividend is August 10, 2021.

How does Marine Products Corporation plan to generate long-term shareholder value?

The company focuses on product innovation and capitalizing on market opportunities.