Marine Products Corporation Announces Reduced Quarterly Cash Dividend
Marine Products Corporation (MPX)
Last marine products corporation earnings: 4/29 06:45 am
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US:NYSE Investor Relations:
marineproductscorp.com/profile
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Source: PR Newswire
ATLANTA, April 29, 2020 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that its Board of Directors reduced the quarterly cash dividend from $0.12 per share to $0.08 per share. The dividend will be payable June 10, 2020 to common stockholders of record at the close of business on May 11, 2020. In light of the uncertainty in the economy and our business by the impact of COVID-19, this reduced dividend strengthens our capital structure and enhances our ability to maintain a conservative balance sheet. Marine Products Corporation (NYSE: MPX) is a leading manufacturer of fiberglass boats under three brand names: Chaparral, Robalo and Vortex. Chaparral's sterndrive models include SSi and SSX, along with the Chaparral Surf Series. Chaparral's outboard offerings include various models, such as OSX Luxury Sportboats, the 257 SSX, and SunCoast Sportdecks. Robalo builds an array of outboard sport fishing boats, which include center consoles, dual consoles and Cayman Bay
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News
- Marine Products (NYSE:MPX) had its "sell (d+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Marine Products (NYSE:MPX) had its "sell (d+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Marine Products (NYSE:MPX) was downgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "hold (c-)" rating to a "sell (d+)" rating.MarketBeat
- Marine Products Corporation Reports Third Quarter 2025 Financial Results And Declares Regular Quarterly DividendPR Newswire
- Marine Products Corporation Announces Date for Third Quarter 2025 Financial Results and Conference Call [Yahoo! Finance]Yahoo! Finance
MPX
Sec Filings
- 10/30/25 - Form 10-Q
- 10/30/25 - Form 8-K
- MPX's page on the SEC website