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

Marine Products Co. (NYSE:MPX) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders 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 yield of 4.97%. The ex-dividend date of this dividend 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 Stock Performance

Shares of MPX opened at $11.27 on Friday. Marine Products has a 52-week low of $9.18 and a 52-week high of $17.81. The business’s 50 day moving average price is $10.93 and its two-hundred day moving average price is $10.96. The firm has a market cap of $390.84 million, a PE ratio of 9.24 and a beta of 1.26.

Marine Products (NYSE:MPX) last released its quarterly earnings data on Thursday, January 25th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). The firm had revenue of $70.87 million for the quarter. Marine Products had a net margin of 10.87% and a return on equity of 28.84%. During the same period last year, the company posted $0.35 EPS. Research analysts predict that Marine Products will post 0.95 EPS for the current fiscal year.

About Marine Products

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.