Quick Hits: August 17, 2020

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Patrick Industries Inc. announced that on Aug. 13, its board of directors declared a quarterly cash dividend of $0.25 per share of common stock. The dividend is payable on Sept. 14, according to a statement. "Momentum in our RV and marine markets continues to be strong, reflecting the value proposition of outdoor recreation and the ability to spend quality time with family and friends in a Covid and post-Covid environment,” said Patrick CEO Andy Nemeth in a separate statement discussing second-quarter earnings, released last month. 

Earlier this month, Massachusetts Gov. Charlie Baker warned that an abundance of gatherings that ignore social distancing guidelines would lead to some changes in state guidelines in dealing with Covid-19. “I think from our point of view, if we continue to see rises in positive test rates, we’re going to have to make some changes,” Baker said. The governor made good on his promise and has now banned raft-ups in a memorandum on boating on the state’s waterways. In addition to outlining social distancing rules at boat ramps, parking areas and more, the memo states that all recreational crafts will now have to “remain a safe distance apart [and] rafting-up … is prohibited.” 


NMMA Confirms Industry Growth

NMMA president Frank Hugelmeyer said the boating business grew 12 percent last year during yesterday’s virtual State of the Boating Industry address.

Newport Show Dates Announced

Organizers are planning for an in-person Golden Anniversary edition of the show Sept. 16-19.

Quick Hits: March 5, 2021

The National Association of Manufacturers names Brunswick Corp. CFO Ryan Gwillim to its Board of Directors.

Caught Red-Handed

Two commercial fishermen were jailed for possessing an illegal haul that included 100 undersized lobster tails, which is a felony. Also, fisheries management gets new funding.

Bennington Expands Operations

The pontoon builder plans to add jobs at its new facility in Elkhart County, Ind., and increase manufacturing output.

KVH Industries Names CFO

Longtime telecom financial executive Roger A. Kuebel assumes the position that COO Brent Bruun had held in an interim capacity.