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. Investors 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 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date is Thursday, May 9th.

Marine Products has raised its dividend payment by an average of 15.9% annually over the last three years.

Marine Products Stock Performance

Shares of MPX opened at $11.50 on Friday. Marine Products has a 52 week low of $9.18 and a 52 week high of $17.81. The firm has a market cap of $398.82 million, a P/E ratio of 11.39 and a beta of 1.26. The firm’s 50-day simple moving average is $10.93 and its 200 day simple moving average is $10.96.

Marine Products (NYSE:MPX) last announced its earnings results on Thursday, January 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). Marine Products had a return on equity of 23.40% and a net margin of 10.40%. The business had revenue of $70.87 million for the quarter. During the same quarter in the previous year, the firm posted $0.35 EPS. As a group, equities analysts forecast that Marine Products will post 0.95 earnings per share 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.