Marine Products Co. (NYSE:MPX – Get Free Report) 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 annualized dividend and a yield of 4.75%. The ex-dividend date is Thursday, May 9th.
Marine Products has raised its dividend payment by an average of 15.9% per year over the last three years.
Marine Products Trading Up 2.8 %
Shares of NYSE:MPX opened at $11.78 on Tuesday. The company has a market capitalization of $408.53 million, a PE ratio of 11.66 and a beta of 1.26. Marine Products has a 12-month low of $9.18 and a 12-month high of $17.81. The business’s fifty day simple moving average is $11.05 and its 200-day simple moving average is $10.78.
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.
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