MARINE PRODUCTS CORPORATION (NYSE:MPX) Files An 8-K Other EventsItem 8.01 Other Events.
On January 24, 2018, Marine Products Corporation issued a press release titled, "Marine Products Corporation Announces 43 Percent Increase in Regular Quarterly Cash Dividend." The press release announced that the Board of Directors increased the dividend by 43 percent from $0.07 per share to $0.10 per share to be payable March 9, 2018 to common stockholders of record at the close of business on February 9, 2018.
Item 9.01 Financial Statements and Exhibits.
Exhibit 99 – Press Release dated January 24, 2018.
MARINE PRODUCTS CORP ExhibitEX-99 2 tv483852_ex99.htm EXHIBIT 99 Exhibit 99 Marine Products Corporation Announces 43 Percent Increase in Regular Quarterly Cash Dividend ATLANTA,…To view the full exhibit click here
About MARINE PRODUCTS CORPORATION (NYSE:MPX)
Marine Products Corporation (MPC) is engaged in manufacturing powerboats and providing related products and services. The Company manufactures fiberglass motorized boats distributed and marketed through its independent dealer network. The Company operates in Powerboat Manufacturing business segment. The Company’s product offerings include Chaparral sterndrive, outboard and jet pleasure boats, and Robalo outboard sport fishing boats. MPC designs, manufactures and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, sport yacht, jet boat and sport fishing markets. The Company sells its products to a network of approximately 150 domestic and over 85 international independent authorized dealers. The Company manufactures Chaparral sterndrive pleasure boats, including H2O Sport, and Fish & Ski boats, SSi and SSX Sportboats, Sunesta Sportdecks, Signature Cruisers, SunCoast Sportdeck outboards, Vortex Jet Boats and Robalo outboard sport fishing boats.