Marine Products Co. to Issue Quarterly Dividend of $0.14 (NYSE:MPX)

Marine Products Co. (NYSE:MPX) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Friday, May 10th will be paid a dividend of 0.14 per share on Monday, June 10th. This represents a $0.56 annualized dividend and a dividend yield of 4.97%. The ex-dividend date is Thursday, May 9th.

Marine Products has increased its dividend by an average of 15.9% per year over the last three years.

Marine Products Trading Up 1.5 %

Shares of MPX stock opened at $11.27 on Friday. The company has a market capitalization of $390.84 million, a PE ratio of 9.24 and a beta of 1.26. The firm has a fifty day simple moving average of $10.93 and a 200-day simple moving average of $10.96. Marine Products has a twelve month low of $9.18 and a twelve month high of $17.81.

Marine Products (NYSE:MPX) last announced its earnings results on Thursday, January 25th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). The firm had revenue of $70.87 million during the quarter. Marine Products had a net margin of 10.87% and a return on equity of 28.84%. During the same period in the previous year, the business earned $0.35 EPS. Equities research analysts predict that Marine Products will post 0.95 EPS for the current year.

Marine Products Company Profile

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sport boat and sport fishing boat markets worldwide. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Luxury Sportboats and SSi outboard models; and Robalo outboard sport fishing boats.