Marine Products Co. (NYSE:MPX) Declares Quarterly Dividend of $0.14

Marine Products Co. (NYSE:MPX - Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Friday, May 10th will be given a dividend of 0.14 per share on Monday, June 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend is Thursday, May 9th.

Marine Products has raised its dividend payment by an average of 15.9% annually over the last three years.

Marine Products Price Performance

MPX stock traded up $0.25 during midday trading on Friday, reaching $11.50. 17,858 shares of the stock were exchanged, compared to its average volume of 50,771. The company has a fifty day moving average price of $10.93 and a 200 day moving average price of $10.96. Marine Products has a 52 week low of $9.18 and a 52 week high of $17.81. The stock has a market capitalization of $398.82 million, a PE ratio of 9.39 and a beta of 1.26.

Marine Products (NYSE:MPX - Get Free Report) last released its quarterly earnings results on Thursday, January 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). Marine Products had a return on equity of 28.84% and a net margin of 10.87%. The firm had revenue of $70.87 million for the quarter. During the same period last year, the firm posted $0.35 EPS. As a group, analysts anticipate that Marine Products will post 0.95 earnings per share for the current fiscal year.

Marine Products Company Profile

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.