Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, sport fishing, and jet boat markets worldwide. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Luxury Sportboats, and SSi and SSX outboard models; and Robalo outboard sport fishing boats. It also provides center and dual consoles, and Cayman Bay Boats under the Robalo brand name. The company sells its products to a network of 206 domestic and 92 international independent authorized dealers. Marine Products Corporation was founded in 1965 and is based in Atlanta, Georgia.
Marine Products Dividend Announcement
• Marine Products announced a quarterly dividend of $0.14 per ordinary share which will be made payable on 2024-12-10. Ex dividend date: 2024-11-08
• Marine Products annual dividend for 2024 was $1.26
• Marine Products annual dividend for 2023 was $0.56
• Marine Products's trailing twelve-month (TTM) dividend yield is 13.36%
• Marine Products's payout ratio for the trailing twelve months (TTM) is 229.75%
• Marine Products's dividend growth over the last five years (2018-2023) was 2.29% year
• Marine Products's dividend growth over the last ten years (2013-2023) was 14.08% year
Marine Products Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-08 | $0.14 | quarterly | 2024-12-10 |
2024-08-09 | $0.14 | quarterly | 2024-09-10 |
2024-05-09 | $0.84 | quarterly | 2024-06-10 |
2024-02-08 | $0.14 | quarterly | 2024-03-11 |
2023-11-09 | $0.14 | quarterly | 2023-12-11 |
2023-08-09 | $0.14 | quarterly | 2023-09-11 |
2023-05-09 | $0.14 | quarterly | 2023-06-09 |
2023-02-09 | $0.14 | quarterly | 2023-03-10 |
2022-11-09 | $0.14 | quarterly | 2022-12-09 |
2022-08-09 | $0.12 | quarterly | 2022-09-09 |
2022-05-09 | $0.12 | quarterly | 2022-06-10 |
2022-02-09 | $0.12 | quarterly | 2022-03-10 |
2021-11-09 | $0.12 | quarterly | 2021-12-10 |
2021-08-09 | $0.12 | quarterly | 2021-09-10 |
2021-05-07 | $0.12 | quarterly | 2021-06-10 |
2021-02-09 | $0.10 | quarterly | 2021-03-10 |
2020-11-09 | $0.12 | quarterly | 2020-12-10 |
2020-08-07 | $0.08 | quarterly | 2020-09-10 |
2020-05-08 | $0.08 | quarterly | 2020-06-10 |
2020-02-07 | $0.12 | quarterly | 2020-03-10 |
2019-11-07 | $0.22 | quarterly | 2019-12-10 |
2019-08-08 | $0.12 | quarterly | 2019-09-10 |
2019-05-09 | $0.12 | quarterly | 2019-06-10 |
2019-02-08 | $0.12 | quarterly | 2019-03-11 |
2018-11-08 | $0.20 | quarterly | 2018-12-10 |
2018-08-09 | $0.10 | quarterly | 2018-09-10 |
2018-05-09 | $0.10 | quarterly | 2018-06-11 |
2018-02-08 | $0.10 | quarterly | 2018-03-09 |
2017-11-09 | $0.12 | quarterly | 2017-12-11 |
2017-08-08 | $0.07 | quarterly | 2017-09-11 |
2017-05-08 | $0.07 | quarterly | 2017-06-09 |
2017-02-08 | $0.07 | quarterly | 2017-03-10 |
2016-11-08 | $0.06 | quarterly | 2016-12-09 |
2016-08-08 | $0.06 | quarterly | 2016-09-09 |
2016-05-06 | $0.06 | quarterly | 2016-06-10 |
2016-02-08 | $0.06 | quarterly | 2016-03-10 |
2015-11-06 | $0.08 | quarterly | 2015-12-10 |
2015-08-06 | $0.04 | quarterly | 2015-09-10 |
2015-05-07 | $0.04 | quarterly | 2015-06-10 |
2015-02-06 | $0.04 | quarterly | 2015-03-10 |
2014-11-06 | $0.07 | quarterly | 2014-12-10 |
2014-08-06 | $0.03 | quarterly | 2014-09-10 |
2014-05-07 | $0.03 | quarterly | 2014-06-10 |
2014-02-06 | $0.03 | quarterly | 2014-03-10 |
2013-11-06 | $0.06 | quarterly | 2013-12-10 |
2013-08-07 | $0.03 | quarterly | 2013-09-10 |
2013-05-08 | $0.03 | quarterly | 2013-06-10 |
2013-02-06 | $0.03 | quarterly | 2013-03-08 |
Marine Products Dividend per year
Marine Products Dividend growth
Marine Products Dividend Yield
Marine Products current trailing twelve-month (TTM) dividend yield is 13.36%. Interested in purchasing Marine Products stock? Use our calculator to estimate your expected dividend yield:
Marine Products Financial Ratios
Marine Products Dividend FAQ
Other factors to consider when evaluating Marine Products as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Marine Products's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Marine Products publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Marine Products distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Marine Products are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Marine Products sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Marine Products distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Marine Products declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Marine Products's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Marine Products's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.