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Stock impact report

Marine Products (NYSE:MPX) Has Affirmed Its Dividend Of $0.14 [Yahoo! Finance]

Marine Products Corporation (MPX) 
Last marine products corporation earnings: 4/29 06:45 am Check Earnings Report
US:NYSE Investor Relations: marineproductscorp.com/profile
Company Research Source: Yahoo! Finance
This means the annual payment is 6.0% of the current stock price, which is above the average for the industry. See our latest analysis for Marine Products If the payments aren't sustainable, a high yield for a few years won't matter that much. Before making this announcement, Marine Products' dividend was higher than its profits, but the free cash flows quite comfortably covered it. Healthy cash flows are always a positive sign, especially when they quite easily cover the dividend. Looking forward, earnings per share is forecast to fall by 1.1% over the next year. If the dividend continues along recent trends, we estimate the payout ratio could reach over 200%, which could put the dividend in jeopardy if the company's earnings don't improve. The company has a long dividend track record, but it doesn't look great with cuts in the past. The dividend has gone from an annual total of $0.15 in 2014 to the most recent total annual payment of $0.56. This works out to be a compound an Show less Read more
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