Marine Products Corporation has announced a cash dividend of $0.140 per share, with an ex-dividend date set for Aug 11, 2025. The dividend will be payable on Sep 10, 2025, as per the announcement made on Jul 24, 2025. This latest dividend matches their previous payout on Jun 10, 2025, and exceeds the average of the last ten dividends, which stood at $0.090 per share. The dividend type remains consistent as a cash dividend.
Recently,
Corp (NYSE: MPX) announced that it will trade ex-dividend on Aug 11, 2025, for its quarterly dividend of $0.14. Over the past week, insiders have indicated significant trading activity, noting a reduction in net loss by approximately 49% year-over-year. This improvement is attributed to decreased exploration and general administrative spending, along with a notable increase in cash and equivalents.
As of late, Marine Products Corp reported a 3% decline in net sales for the second quarter, falling to $67.7 million. This decrease was mainly driven by a 13% drop in boat unit sales, although this was partially offset by a 10% gain in price and product mix. Analysts suggest that these factors, combined with the company's recent operational updates, are pivotal as they continue to navigate market conditions.
Since the last update, Marine Products Corp's ownership pattern for Jun 2025 has reflected the upcoming dividend, reinforcing confidence in its financial stability. These developments, alongside the recent dividend declaration, reflect the overall business environment and financial health of the company. Market observers are closely watching these dynamics as they unfold.
In conclusion, Marine Products continues to demonstrate a firm financial footing with its consistent dividend payouts, reinforcing investor trust. The ex-dividend date of Aug 11, 2025, is crucial for investors aiming to benefit from the upcoming dividend, as any purchase made after this date will not qualify for the current dividend distribution.
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