Exhibit 99

 

Marine Products Corporation Announces

20 Percent Increase in Regular Quarterly Cash Dividend

ATLANTA, January 23, 2019 - Marine Products Corporation (NYSE: MPX) announced today that its Board of Directors declared a 20 percent increase to the regular quarterly cash dividend from $0.10 per share to $0.12 per share payable March 11, 2019 to common stockholders of record at the close of business on February 11, 2019.

Marine Products Corporation (NYSE: MPX) designs, manufactures and distributes premium-branded Chaparral sterndrive, jet drive and outboard pleasure boats, and Robalo outboard sport fishing boats.  The Company continues to diversify its product lines through product innovation.  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 website 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