Marine Products Corp. (NYSE:MPX) announced a quarterly dividend on Wednesday, July 27th. Shareholders of record on Wednesday, August 10th will be paid a dividend of 0.06 per share on Friday, September 9th. This represents a $0.24 annualized dividend and a yield of 2.72%. The ex-dividend date is Monday, August 8th.
Shares of Marine Products Corp. (NYSE:MPX) traded down 2.43% during mid-day trading on Wednesday, reaching $8.82. 22,159 shares of the company’s stock traded hands. The company has a 50 day moving average of $8.61 and a 200 day moving average of $7.81. Marine Products Corp. has a 12 month low of $4.92 and a 12 month high of $9.38. The company has a market cap of $338.43 million and a price-to-earnings ratio of 21.56.
Marine Products Corp. (NYSE:MPX) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The firm earned $65 million during the quarter, compared to the consensus estimate of $62.09 million. Analysts expect that Marine Products Corp. will post $0.46 earnings per share for the current fiscal year.
Marine Products Corporation (MPC) is engaged in manufacturing powerboats and providing related products and services. The Company manufactures fiberglass motorized boats distributed and marketed through its independent dealer network. The Company operates in Powerboat Manufacturing business segment. The Company’s product offerings include Chaparral sterndrive, outboard and jet pleasure boats, and Robalo outboard sport fishing boats.
