Marine Products Co. (NYSE:MPX - Get Free Report) declared a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Stockholders of record on Monday, February 10th will be paid a dividend of 0.14 per share on Monday, March 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date is Monday, February 10th.
Marine Products has increased its dividend payment by an average of 6.8% annually over the last three years.
Marine Products Trading Up 1.7 %
Shares of NYSE:MPX traded up $0.15 during trading on Tuesday, reaching $9.15. 30,835 shares of the company traded hands, compared to its average volume of 34,961. Marine Products has a 52-week low of $8.64 and a 52-week high of $12.47. The firm has a market capitalization of $317.70 million, a price-to-earnings ratio of 18.68 and a beta of 1.23. The business's fifty day moving average is $9.30 and its 200-day moving average is $9.52.
Marine Products (NYSE:MPX - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.07. Marine Products had a return on equity of 13.08% and a net margin of 7.55%. On average, sell-side analysts predict that Marine Products will post 0.5 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Marine Products from a "hold" rating to a "buy" rating in a research report on Friday.
Read Our Latest Stock Analysis on MPX
About Marine Products
(
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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.
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