ATLANTA, Oct. 25, 2017 /PRNewswire/ -- Marine
Products Corporation (NYSE: MPX) announced today that its Board of
Directors declared a regular quarterly cash dividend of
$0.07 per share. In addition,
the Board declared a special year-end dividend of $0.05 per share. Both dividends will be paid
December 11, 2017 to shareholders of
record at the close of business November 10,
2017.
"Our Board of Directors continues to believe that a high
dividend level represents 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 and is prepared to consider strategic
acquisition targets. 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
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SOURCE Marine Products Corporation