Marine Products (MPX) Raises Quarterly Dividend 50% to $0.06; 4.2% Yield

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Go back to Marine Products (MPX) Raises Quarterly Dividend 50% to $0.06; 4.2% Yield

Marine Products Corporation Reports Fourth Quarter 2015 Financial Results

January 27, 2016 6:51 AM EST

ATLANTA, Jan. 27, 2016 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter ended December 31, 2015.  Marine Products is a leading manufacturer of fiberglass boats under two brand names: Chaparral and Robalo. Chaparral builds sterndrive, jet drive and outboard pleasure boats, including H2O Sport and Ski & Fish Boats, SSi and SSX Sportboats, Sunesta Sportdecks, Signature Cruisers, SunCoast Sportdeck outboards and Vortex Jet Boats.  Robalo builds outboard sport fishing boats which include center console, dual console, walkaround cabin and Cayman bay boat models.

For the quarter ended December 31, 2015, Marine Products... More

Marine Products Corporation Announces a 50 Percent Increase to the Regular Quarterly Cash Dividend

January 27, 2016 6:50 AM EST

ATLANTA, Jan. 27, 2016 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that its Board of Directors declared a 50 percent increase to the regular quarterly cash dividend from $0.04 per share to $0.06 per share payable March 10, 2016 to common stockholders of record at the close of... More