Cash Dividend On The Way From Marine Products (MPX)

Looking at the universe of stocks we cover at Dividend Channel, on 11/8/16, Marine Products Corp (MPX) will trade ex-dividend, for its quarterly dividend of $0.06, payable on 12/9/16. As a percentage of MPX's recent stock price of $9.41, this dividend works out to approximately 0.64%, so look for shares of Marine Products Corp to trade 0.64% lower — all else being equal — when MPX shares open for trading on 11/8/16.

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Below is a dividend history chart for MPX, showing historical dividends prior to the most recent $0.06 declared by Marine Products Corp:

MPX+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MPX is likely to continue, and whether the current estimated yield of 2.55% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MPX shares, versus its 200 day moving average:

Marine Products Corp 200 Day Moving Average Chart

Looking at the chart above, MPX's low point in its 52 week range is $4.92 per share, with $9.57 as the 52 week high point — that compares with a last trade of $9.41.

In Friday trading, Marine Products Corp shares are currently up about 0.8% on the day.

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