Marine Products Corporation Announces Regular Quarterly Cash Dividend

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Marine Products Corporation (NYSE: MPX) has declared a regular quarterly cash dividend of $0.14 per share payable on December 11, 2023. The dividend will be distributed to common stockholders of record as of November 10, 2023.

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• The announcement of a regular quarterly cash dividend does not provide any concrete business takes that could positively or negatively affect the stock price at this time.

ATLANTA, Oct. 25, 2023 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.14 per share payable December 11, 2023 to common stockholders of record at the close of business on November 10, 2023.

Marine Products Corporation is a leading manufacturer of high-quality fiberglass boats under the brand names Chaparral and Robalo.  Chaparral's sterndrive models include SSi Sportboats and SSX Luxury Sportboats, and the SURF Series.  Chaparral's outboard offerings include OSX Luxury Sportboats and the SSi Outboard Bowriders. Robalo builds an array of outboard sport fishing models, which include Center Consoles, Dual Consoles and Cayman Bay Boats. The Company continues to diversify its product lines through product innovation.  With these 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 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

What is the dividend amount declared by Marine Products Corporation?

Marine Products Corporation has declared a regular quarterly cash dividend of $0.14 per share.

When will the dividend be payable?

The dividend will be payable on December 11, 2023.

Who will receive the dividend?

The dividend will be distributed to common stockholders of record as of November 10, 2023.

What is the stock symbol of Marine Products Corporation?

The stock symbol of Marine Products Corporation is MPX.

Where can I find more information about Marine Products Corporation?

For more information on Marine Products Corporation, you can visit their website at MarineProductsCorp.com.