Marine Products Corporation Announces Regular Quarterly Cash Dividend

Rhea-AI Summary

Marine Products Corporation (NYSE: MPX) has declared a quarterly cash dividend of $0.12 per share, payable on December 10, 2021. This dividend will benefit common stockholders of record by the close of business on November 10, 2021. As a leading manufacturer of fiberglass boats, including brands like Chaparral and Robalo, the company continues to diversify its product lines and leverage its robust dealer network. This financial move reflects Marine Products Corporation's commitment to enhancing shareholder value.

Positive

• Declared quarterly cash dividend of $0.12 per share.
• Dividend reflects strong financial performance and commitment to shareholder value.

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• None.

ATLANTA, Oct. 27, 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 December 10, 2021 to common stockholders of record at the close of business on November 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 declared by Marine Products Corporation (MPX)?

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

When will the dividend be paid to shareholders of MPX?

The dividend will be paid on December 10, 2021.

What is the record date for the dividend of Marine Products Corporation (MPX)?

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

How does the dividend reflect on the financial health of MPX?

The dividend declaration is a sign of Marine Products Corporation's strong financial performance and commitment to returning value to shareholders.