Marine Products Corporation Announces Regular Quarterly Cash Dividend
Marine Products Corporation (NYSE: MPX) has declared a quarterly cash dividend of $0.12 per share, scheduled for September 9, 2022.
Sentiment and the balance of points
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Rhea-AI Summary
Marine Products Corporation (NYSE: MPX) has declared a quarterly cash dividend of $0.12 per share, scheduled for September 9, 2022. This dividend will be paid to stockholders of record on August 10, 2022. The company, a prominent manufacturer of fiberglass boats under brands like Chaparral and Robalo, is poised to leverage its solid capital structure and innovative product lines for growth. By enhancing its market share, Marine Products aims to deliver superior financial performance and long-term shareholder value.
Positive
- Quarterly cash dividend declared at $0.12 per share.
- Dividend payment date set for September 9, 2022.
- Strong independent dealer network supports market penetration.
Negative
- None.
Details
News Market Reaction – MPX
The recorded move for MPX in the trading session of this news was +6.57%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ATLANTA, July 27, 2022 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that its Board of Directors declared a regular quarterly cash dividend of
Marine Products Corporation is a leading manufacturer of fiberglass boats under the brand names Chaparral and Robalo. Chaparral's sterndrive models include SSi and SSX, along with the Chaparral Surf Series. Chaparral's outboard offerings include OSX Luxury Sportboats, and SSi and SSX outboard models. Robalo builds an array of outboard sport fishing boats, which include center consoles, dual consoles and Cayman Bay Boat models. 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.
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
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