Marine Products's most recent quarterly dividend was on Nov 9, 2022 (ex-date) with a cash dividend payment of $0.14 per share. On an annualized basis, the company has a current payout of $0.5 per share. This brings the dividend yield to 3.89% based on its recent close price. The latest dividend has increased by $0.02, or 17% from the prior payment.
MPX has a dividend yield of 3.89% which is above the Consumer Cyclical sector and the industry average. Compared to its Consumer Cyclical sector average of 2.37%, Marine Products's dividend yield is 64% higher. Historically MPX's dividend yield has averaged at 3.0% in the last 5 years, which is below the current yield.
Marine Products has a long history of dividend payments, including the last ten consecutive years with dividend payouts. MPX has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 9% for the last twelve months. And since the stock price has gone up by 5% from a year ago, the dividend yield has increased by 3.2%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Nov 9, 2022 | Dec 9, 2022 | Oct 26, 2022 | $0.14 | normal |
| Aug 9, 2022 | Sep 9, 2022 | Jul 27, 2022 | $0.12 | normal |
| May 9, 2022 | Jun 10, 2022 | Apr 27, 2022 | $0.12 | normal |
| Feb 9, 2022 | Mar 10, 2022 | Jan 26, 2022 | $0.12 | normal |
| Nov 9, 2021 | Dec 10, 2021 | Oct 27, 2021 | $0.12 | normal |
| Aug 9, 2021 | Sep 10, 2021 | $0.12 | normal | |
| May 7, 2021 | Jun 10, 2021 | Apr 28, 2021 | $0.12 | normal |
| Feb 9, 2021 | Mar 10, 2021 | Jan 27, 2021 | $0.1 | normal |
| Nov 9, 2020 | Dec 10, 2020 | Oct 28, 2020 | $0.04 | special |
| Nov 9, 2020 | Dec 10, 2020 | Oct 28, 2020 | $0.08 | normal |
| Aug 7, 2020 | Sep 10, 2020 | Jul 29, 2020 | $0.08 | normal |
| May 8, 2020 | Jun 10, 2020 | Apr 29, 2020 | $0.08 | normal |
| Feb 7, 2020 | Mar 10, 2020 | Jan 29, 2020 | $0.12 | normal |
| Nov 7, 2019 | Dec 10, 2019 | Oct 23, 2019 | $0.12 | normal |
| Nov 7, 2019 | Dec 10, 2019 | Oct 23, 2019 | $0.1 | special |
| Aug 8, 2019 | Sep 10, 2019 | Jul 24, 2019 | $0.12 | normal |
| May 9, 2019 | Jun 10, 2019 | Apr 24, 2019 | $0.12 | normal |
| Feb 8, 2019 | Mar 11, 2019 | Jan 23, 2019 | $0.12 | normal |
| Nov 8, 2018 | Dec 10, 2018 | Oct 24, 2018 | $0.1 | special |
| Nov 8, 2018 | Dec 10, 2018 | Oct 24, 2018 | $0.1 | normal |
| Aug 9, 2018 | Sep 10, 2018 | Jul 25, 2018 | $0.1 | normal |
| May 9, 2018 | Jun 11, 2018 | Apr 25, 2018 | $0.1 | normal |
| Feb 8, 2018 | Mar 9, 2018 | Jan 24, 2018 | $0.1 | normal |
| Nov 9, 2017 | Dec 11, 2017 | Oct 25, 2017 | $0.05 | special |
| Nov 9, 2017 | Dec 11, 2017 | Oct 25, 2017 | $0.07 | normal |
| Aug 8, 2017 | Sep 11, 2017 | Jul 26, 2017 | $0.07 | normal |
| May 8, 2017 | Jun 9, 2017 | Apr 26, 2017 | $0.07 | normal |
| Feb 8, 2017 | Mar 10, 2017 | Jan 25, 2017 | $0.07 | normal |
| Nov 8, 2016 | Dec 9, 2016 | Oct 25, 2016 | $0.06 | normal |
| Aug 8, 2016 | Sep 9, 2016 | Jul 27, 2016 | $0.06 | normal |
MPX has a payout ratio of 46.3% which is higher than the Consumer Cyclical sector and the industry average. If we compare it with the Consumer Cyclical sector average of 31.8%, Marine Products's payout ratio is 46% higher.
Yes, Marine Products has paid four dividends in the last twelve months. MPX has been paying dividends since 2012.
MPX's next dividend is scheduled on Feb 9, 2023 (ex-date).
Marine Products's last dividend ex-date was on Nov 9, 2022. The dividend amount was $0.14 per share.
MPX has paid dividend of $0.5 per share in the last year.
Marine Products's current dividend yield is 3.89%.
Marine Products pays dividends quarterly.
Marine Products's dividend payout ratio is 46.3%.
Marine Products's dividend yield is above the Consumer Cyclical sector average.