Gary Kolstad Appointed to the Marine Products Corporation Board of Directors
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 14 2025
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Source: PRnewswire
Appointment Announcement: Marine Products Corporation has appointed Gary Kolstad to its Board of Directors, bringing extensive experience from his previous roles as Chairman and CEO of various companies.
Company Overview: Marine Products Corporation is a leading manufacturer of fiberglass boats under the Chaparral and Robalo brands, focusing on product innovation and market share growth to enhance shareholder value.
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About MPX
Marine Products Corporation is a manufacturer of fiberglass boats. The Company offers a range of products to the family recreational markets through its Chaparral brands and to the sport fishing market through its Robalo brands. The Company’s Chaparral sterndrive models include SSi Sportboats, SSX Luxury Sportboats, and the SURF Series. The Chaparral’s outboard offerings include OSX Luxury Sportboats and the SSi Outboard Bowriders. Its product line includes Chaparral - SSi Sport Boats, Chaparral - SSX Sport Boats, Chaparral - Surf Series, Chaparral - OSX Sport Boats, Robalo - Center Consoles, Robalo - Cayman Bay Boats, and Robalo - Dual Consoles. The Company sells its products through approximately 202 domestic independent authorized dealers, consisting of 64 Chaparral dealers, 47 are Robalo dealers and 91 dealers sell both brands in the United States. It also sells its products to over 88 international dealers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Marine Products Declares Quarterly Dividend of $0.14
- Quarterly Dividend Announcement: Marine Products Corporation (MPX) has declared a quarterly dividend of $0.14 per share, consistent with previous distributions, indicating the company's ongoing ability to maintain stable cash flow, which is likely to attract income-seeking investors.
- Forward Yield: The forward yield of 5.77% reflects the company's appeal in the current market environment, potentially increasing investor interest in its stock, especially in a low-interest-rate landscape.
- Shareholder Record Date: The dividend will be payable on March 10, with a record date of February 10 and an ex-dividend date also set for February 10, providing investors with a clear timeline for their investment decisions.
- Market Reaction Expectations: Despite Marine Products' stable dividend performance, the overall market sentiment towards its stock remains cautious, with analysts noting that the stock may not be cheap, prompting investors to carefully assess its investment value.
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Marine Products Corporation Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: Marine Products Corporation's Board of Directors declared a cash dividend of $0.14 per share, payable on March 10, 2026, to common stockholders of record as of February 10, 2026, reflecting the company's commitment to shareholder returns.
- Shareholder Return Strategy: This dividend announcement demonstrates the company's confidence in its stable cash flow and profitability, aiming to enhance investor trust and attract more long-term investors.
- Brand Strength: Marine Products Corporation, under the Chaparral and Robalo brands, holds a leading position in the high-quality fiberglass boat manufacturing sector, offering a variety of sport boat models that further solidify its market competitiveness.
- Market Outlook: With increasing consumer demand for high-performance boats, the company is poised to drive future growth through ongoing product innovation and market expansion.
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