MPX - Marine Products - Healthy Dividend At Current Levels
Investment Thesis
Marine Products (MPX) is an interesting pick for a dividend investor with its 3.25% dividend yield. The fiberglass powerboat manufacturer has managed to grow EPS 26% per year over the past 3 years. This is a company with a solid liquidity position, which has allowed it to grow revenue and recently increase its dividend. Furthermore, the company has paid a special dividend in 4 of the 5 past years.
Mispricing
Income Opportunity
MPX recently hit its 52-week high of $24.7 and since then has sold off to $14.62. This is at