Marine Products Corporation Announces 20 Percent Increase in Regular Quarterly Cash Dividend
ATLANTA, Jan. 23, 2019 /PRNewswire/ -- Marine Products Corporation (MPX) announced today that its Board of Directors declared a 20 percent increase to the regular quarterly cash dividend from $0.10 per share to $0.12 per share payable March 11, 2019 to common stockholders of record at the close of business on February 11, 2019.
Marine Products Corporation (MPX) designs, manufactures and distributes premium-branded Chaparral sterndrive, jet drive and outboard pleasure boats, and Robalo outboard sport fishing boats. 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 www.marineproductscorp.com.
For information contact:
BEN M. PALMER
Chief Financial Officer
(404) 321-7910
[email protected]
JIM LANDERS
Vice President, Corporate Finance
(404) 321-2162
[email protected]
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