Marine Products Co. Declares Quarterly Dividend of $0.14 (NYSE:MPX)

Marine Products Co. (NYSE:MPX) declared a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Stockholders of record on Monday, February 10th will be given a dividend of 0.14 per share on Monday, March 10th. This represents a $0.56 annualized dividend and a dividend yield of 5.98%. The ex-dividend date is Monday, February 10th.

Marine Products has raised its dividend by an average of 6.8% annually over the last three years.

Marine Products Trading Down 1.3 %

MPX traded down $0.12 on Friday, hitting $9.37. 37,478 shares of the company’s stock were exchanged, compared to its average volume of 31,259. Marine Products has a fifty-two week low of $8.67 and a fifty-two week high of $12.47. The stock has a market cap of $325.23 million, a price-to-earnings ratio of 17.68 and a beta of 1.23. The firm has a 50-day moving average price of $9.35 and a 200-day moving average price of $9.55.

Marine Products (NYSE:MPX) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. Marine Products had a net margin of 7.32% and a return on equity of 13.55%. On average, equities analysts predict that Marine Products will post 0.4 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Marine Products from a “hold” rating to a “buy” rating in a research report on Friday.

About Marine Products

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sport boat and sport fishing boat markets worldwide. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Luxury Sportboats and SSi outboard models; and Robalo outboard sport fishing boats.