Marine Products Corporation Announces Regular Quarterly Cash Dividend
Marine Products Corporation (NYSE: MPX) has declared a regular quarterly cash dividend of $0.08 per share, payable on September 10, 2020 to stockholders of record as of August 10, 2020.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Marine Products Corporation (NYSE: MPX) has declared a regular quarterly cash dividend of $0.08 per share, payable on September 10, 2020 to stockholders of record as of August 10, 2020. The company continues to innovate its product lines, manufacturing fiberglass boats under well-known brands like Chaparral, Robalo, and Vortex. With a strong capital structure and an independent dealer network, Marine Products aims to enhance its market share and deliver superior financial performance to create long-term value for shareholders.
Positive
- Declared quarterly cash dividend of $0.08 per share.
- Dividend payment supports shareholder income.
- Strong product innovation with a diverse range of fiberglass boats.
- Solid capital structure and strong dealer network ready to enhance market share.
Negative
- None.
Details
News Market Reaction – MPX
The recorded move for MPX in the trading session of this news was -13.22%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ATLANTA, July 29, 2020 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that its Board of Directors declared a regular quarterly cash dividend of
Marine Products Corporation (NYSE: MPX) is a leading manufacturer of fiberglass boats under three brand names: Chaparral, Robalo and Vortex. 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 257 SSX, and SunCoast Sportdecks. Robalo builds an array of outboard sport fishing boats, which include center consoles, dual consoles and Cayman Bay Boat models. Chaparral also offers jet powered boats under the Vortex brand name. 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 Finance
(404) 321-2162
jlanders@marineproductscorp.com
View original content:http://www.prnewswire.com/news-releases/marine-products-corporation-announces-regular-quarterly-cash-dividend-301101609.html
SOURCE Marine Products Corporation
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