Marine Products Corp. (MPX)
Marine Products Corp. (MPX) is a manufacturer of recreational boats, primarily known for its range of pontoon boats under the Harris, Avalon, and Raptor brands. Founded in 1978 and headquartered in Atlanta, Georgia, the company focuses on producing premium, innovative boats for leisure and entertainment purposes. Marine Products Corp. operates through a combination of direct sales and dealer networks, emphasizing high-quality craftsmanship and customer satisfaction in the marine leisure industry.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| September 10, 2025 | $0.14 | 2025-08-11 | 2025-08-11 |
| June 10, 2025 | $0.14 | 2025-05-09 | 2025-05-09 |
| March 10, 2025 | $0.14 | 2025-02-10 | 2025-02-10 |
| December 10, 2024 | $0.14 | 2024-11-08 | 2024-11-11 |
| September 10, 2024 | $0.14 | 2024-08-09 | 2024-08-09 |
Dividends Summary
- Marine Products Corp. has issued 84 dividend payments over the past 21 years
- The most recent dividend was paid 10 days ago, on September 10, 2025
- The highest dividend payed out to investors during this period was $0.7 per share
- The average dividend paid during this period was $0.09 per share.
Company News
Marine Products reported Q2 2025 earnings with a 3% decline in net sales to $67.7 million, primarily due to a 13% drop in boat unit sales, though partially offset by a 10% price/mix gain. The company maintains a strong cash position of $50.2 million with no debt and continues to focus on inventory management and product innovation.
Marine Products Corporation reported a 33% year-over-year decrease in Q4 2024 net sales to $47.8 million, with net income down 21% to $4.3 million. The company cited continued soft order flow and high dealer inventories, but expects sales comparisons to be flat in the near-term with potential for growth in the second half of 2025.
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