Important Dividends: Marine Products Corporation (NYSE:MPX) gearing towards $0.06 dividends on Dec 9, 2016.

Important Dividends: Marine Products Corporation (NYSE:MPX) gearing towards $0.06 dividends on Dec 9, 2016.

Marine Products Corporation (NYSE:MPX) is expected to pay $0.06 on Dec 9, 2016. The indicated annual dividend is $0.24. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on Marine Products Corporation’s current price of $9.40, the dividend is 0.64%. This dividend’s record date is Nov 10, 2016 and the announcement date is Oct 26, 2016. The stock increased 0.64% or $0.06 on November 4, hitting $9.4. Marine Products Corp. (NYSE:MPX) has risen 25.00% since April 5, 2016 and is uptrending. It has outperformed by 23.04% the S&P500.

Marine Products Corporation is engaged in manufacturing powerboats and providing related services and products. The company has a market cap of $360.16 million. The Firm makes fiberglass motorized boats distributed and marketed through its independent dealer network. It has a 21.22 P/E ratio. The Firm operates in Powerboat Manufacturing business segment.

Insitutional Activity: The institutional sentiment increased to 1.67 in 2016 Q2. Its up 0.34, from 1.33 in 2016Q1. The ratio is positive, as 4 funds sold all Marine Products Corp. shares owned while 11 reduced positions. 3 funds bought stakes while 22 increased positions. They now own 7.76 million shares or 1.38% less from 7.87 million shares in 2016Q1.
State Street holds 146,459 shares or 0% of its portfolio. State Bank Of America Corporation De has 9,761 shares for 0% of their US portfolio. Renaissance Ltd Limited Liability Company has invested 0% of its portfolio in Marine Products Corp. (NYSE:MPX). Synovus Financial Corp has 225,573 shares for 0.04% of their US portfolio. Moreover, Teachers Advsr has 0% invested in Marine Products Corp. (NYSE:MPX) for 16,320 shares. Schwerin Boyle has 0.11% invested in the company for 89,274 shares. Northern Corp has 150,903 shares for 0% of their US portfolio. Blackrock Investment Mngmt Limited Liability Corporation, a New Jersey-based fund reported 38,794 shares. The Pennsylvania-based Nationwide Fund Advisors has invested 0% in Marine Products Corp. (NYSE:MPX). Rhumbline Advisers has 16,961 shares for 0% of their US portfolio. Blackrock Japan Ltd reported 1,817 shares or 0% of all its holdings. Panagora Asset Mngmt Inc reported 4,911 shares or 0% of all its holdings. Schwab Charles Management holds 33,704 shares or 0% of its portfolio. Manufacturers Life Insur The, a Ontario – Canada-based fund reported 193 shares. Vanguard Group last reported 0% of its portfolio in the stock.

More notable recent Marine Products Corp. (NYSE:MPX) news were published by: Prnewswire.com which released: “Marine Products Corporation Reports Third Quarter 2016 Financial Results” on October 26, 2016, also Prnewswire.com with their article: “Marine Products Corporation Announces Change in Term and Price of Tender Offer …” published on October 25, 2016, Prnewswire.com published: “Marine Products Corporation Announces Tender Offer” on August 17, 2016. More interesting news about Marine Products Corp. (NYSE:MPX) were released by: Prnewswire.com and their article: “Marine Products Corporation Announces Management Restructuring” published on May 04, 2016 as well as Prnewswire.com‘s news article titled: “Marine Products Corporation Announces Date for Third Quarter 2016 Financial …” with publication date: September 26, 2016.

MPX Company Profile

Marine Products Corporation (MPC), incorporated on August 31, 2000, is engaged in manufacturing powerboats and providing related services and products. The Firm makes fiberglass motorized boats distributed and marketed through its independent dealer network. The Firm 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, makes and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, sport yacht, jet boat and sport fishing markets. The Firm sells its products to a network of approximately 150 domestic and over 85 international independent authorized dealers.

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