ATLANTA, Oct. 26, 2022 /PRNewswire/ — Marine Products Corporation (NYSE: MPX) introduced right this moment that its Board of Directors declared a 17 p.c improve to the common quarterly money dividend from $0.12 per share to $0.14 per share payable December 9, 2022 to widespread stockholders of document on the shut of business on November 10, 2022.
Marine Products Corporation is a number one producer of fiberglass boats below the model names Chaparral and Robalo. Chaparral’s sterndrive fashions embrace SSi and SSX, together with the Chaparral Surf Series. Chaparral’s outboard choices embrace OSX Luxury Sportboats, and SSi and SSX outboard fashions. Robalo builds an array of outboard sport fishing boats, which embrace middle consoles, twin consoles and Cayman Bay Boat fashions. The Company continues to diversify its product traces by way of product innovation. With premium manufacturers, a stable capital construction, and a powerful impartial vendor community, Marine Products Corporation is ready to capitalize on alternatives to improve its market share and to generate superior monetary efficiency to construct long-term shareholder worth. For extra data on Marine Products Corporation go to our web site at MarineProductsCorp.com.
For data contact:
Michael L. Schmit
Chief Financial Officer
(404) 321-7910
[email protected]
Jim Landers
Vice President Corporate Services
(404) 321-2162
[email protected]
SOURCE Marine Products Corporation
