Marine Products Corp. (MPX) Declares Quarterly Dividend of $0.03
Marine Products Corp. (NYSE:MPX) declared a quarterly dividend on Wednesday, October 23rd, American Banking and Market News reports. Shareholders of record on Friday, November 8th will be given a dividend of $0.03 per share on Tuesday, December 10th. This represents a $0.12 dividend on an annualized basis and a yield of 1.27%.
Marine Products Corp. (NYSE:MPX) opened at 9.47 on Wednesday. Marine Products Corp. has a 1-year low of $5.08 and a 1-year high of $9.47. The stock’s 50-day moving average is $8.88 and its 200-day moving average is $7.84. The company has a market cap of $360.8 million and a price-to-earnings ratio of 52.91.
Marine Products Corp. (NYSE:MPX) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.06 by $0.01. The company had revenue of $41.99 million for the quarter, compared to the consensus estimate of $38.49 million. On average, analysts predict that Marine Products Corp. will post $0.20 earnings per share for the current fiscal year.
Marine Products Corporation (NYSE:MPX) designs, manufactures and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, sport yacht and sport fishing markets.
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