Marine Products Corporation Announces Reinstatement of Quarterly Cash Dividend

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  Published in House and Home on Wednesday, January 25th 2012 at 4:27 GMT by Market Wire
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Marine Products Corporation Announces Reinstatement of Quarterly Cash Dividend -- ATLANTA, Jan. 25, 2012 /PRNewswire/ --

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ATLANTA, Jan. 25, 2012 /PRNewswire/ -- Marine Products Corporation (NYSE: [ MPX ]) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.02 per share payable March 9, 2012 to common stockholders of record at the close of business on February 10, 2012.

Marine Products Corporation (NYSE: [ MPX ]) designs, manufactures and distributes premium-branded Chaparral sterndrive and inboard pleasure boats; Premiere Sport Yachts; and Robalo sport fishing boats, and continues to diversify its product line through product innovation and is prepared to consider strategic acquisition targets.  With premium brands, a solid capital structure, and a strong independent dealer network, Marine Products Corporation is prepared to capitalize on opportunities to increase its market share and to generate superior financial performance to build long-term shareholder value.  For more information on Marine Products Corporation visit our Web site at [ www.marineproductscorp.com ].

For information contact:

BEN M. PALMER
Chief Financial Officer
(404) 321-7910
[ irdept@marineproductscorp.com ]

JIM LANDERS
Vice President, Corporate Finance
(404) 321-2162
[ jlanders@marineproductscorp.com ]

SOURCE Marine Products Corporation

RELATED LINKS
[ http://www.marineproductscorp.com ]