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Marine Products Corporation Announces Regular Quarterly Cash Dividend and Special Year-End Cash Dividend

ATLANTA, Oct. 23, 2019 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.12 per share.  In addition, the Board declared a special year-end cash dividend of $0.10 per share. Both dividends will be paid December 10, 2019 to common stockholders of record at the close of business on November 11, 2019. 

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"Marine Products Corporation's Board of Directors continues to believe that both the dividend level and special year-end dividend represent a prudent use of capital to reward our shareholders for their support of our company," stated Richard Hubbell, Chief Executive Officer of Marine Products Corporation.

Marine Products Corporation (NYSE: 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
irdept@marineproductscorp.com 

JIM LANDERS
Vice President, Corporate Finance
(404) 321-2162
jlanders@marineproductscorp.com

Cision View original content:http://www.prnewswire.com/news-releases/marine-products-corporation-announces-regular-quarterly-cash-dividend-and-special-year-end-cash-dividend-300943530.html

SOURCE Marine Products Corporation

Oct 23, 2019

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