Marine Products Corp.
MPXMarine 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 |
|---|---|---|---|
| December 10, 2025 | $0.14 | 2025-11-10 | 2025-11-10 |
| 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 |
Dividends Summary
- Consistent Payer: Marine Products Corp. has rewarded shareholders with 85 dividend payments over the past 21 years.
- Total Returned Value: Investors who held MPX shares during this period received a total of $7.56 per share in dividend income.
- Latest Payout: The most recent dividend of $0.14/share was paid 44 days ago, on December 10, 2025.
- Yield & Schedule: MPX currently pays dividends quarterly with an annual yield of 5.76%.
- Dividend Growth: Since 2004, the dividend payout has grown by 133.3%, from $0.06 to $0.14.
- Dividend Reliability: MPX has maintained or increased its dividend for 6 consecutive payments.
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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