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, scheduled for September 9, 2022. This dividend will be paid to stockholders of record on August 10, 2022. The company, a prominent manufacturer of fiberglass boats under brands like Chaparral and Robalo, is poised to leverage its solid capital structure and innovative product lines for growth. By enhancing its market share, Marine Products aims to deliver superior financial performance and long-term shareholder value.

Positive

• Quarterly cash dividend declared at $0.12 per share.
• Dividend payment date set for September 9, 2022.
• Strong independent dealer network supports market penetration.

Negative

• None.

ATLANTA, July 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 September 9, 2022 to common stockholders of record at the close of business on August 10, 2022. 

Marine Products Corporation 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:

Michael L. Schmit
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 for Marine Products Corporation (MPX)?

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

When will the dividend for MPX be paid?

The dividend will be paid on September 9, 2022.

Who qualifies for the dividend payment from MPX?

Stockholders of record at the close of business on August 10, 2022, will qualify for the dividend.

How often does Marine Products Corporation pay dividends?

Marine Products Corporation pays regular quarterly cash dividends.