MGP Ingredients, Inc. (NASDAQ:MGPI) Declares Quarterly Dividend of $0.12

MGP Ingredients, Inc. (NASDAQ:MGPIGet Free Report) announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Friday, August 14th will be given a dividend of 0.12 per share on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, August 14th.

MGP Ingredients has a payout ratio of 17.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect MGP Ingredients to earn $2.06 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 23.3%.

MGP Ingredients Stock Performance

MGP Ingredients stock traded up $0.17 during trading on Wednesday, reaching $18.88. The company had a trading volume of 205,983 shares, compared to its average volume of 245,425. MGP Ingredients has a 52 week low of $15.72 and a 52 week high of $31.75. The firm’s 50-day simple moving average is $17.15 and its 200 day simple moving average is $19.76. The firm has a market capitalization of $403.47 million, a price-to-earnings ratio of -1.69 and a beta of 0.46. The company has a current ratio of 2.74, a quick ratio of 0.56 and a debt-to-equity ratio of 0.41.

MGP Ingredients (NASDAQ:MGPIGet Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.23. MGP Ingredients had a positive return on equity of 7.48% and a negative net margin of 45.70%.The company had revenue of $124.36 million for the quarter, compared to the consensus estimate of $125.16 million. During the same period in the previous year, the business earned $0.97 earnings per share. MGP Ingredients’s quarterly revenue was down 14.5% compared to the same quarter last year. MGP Ingredients has set its FY 2026 guidance at 1.500-1.800 EPS. Sell-side analysts forecast that MGP Ingredients will post 1.6 earnings per share for the current fiscal year.

MGP Ingredients Company Profile

(Get Free Report)

MGP Ingredients, Inc (NASDAQ: MGPI) is a leading producer of distilled spirits and specialty ingredient solutions for the food, beverage and consumer products industries. Headquartered in Atchison, Kansas, the company operates two main facilities—its historic Atchison plant, founded in 1941 as Midwest Grain Products, and a modern distillery in Lawrenceburg, Indiana. MGP Ingredients supplies an array of distillation products under its beverage and ingredient segments, serving brand owners, private-label producers and co-packers worldwide.

The beverage segment features a broad portfolio of premium spirits, including bourbon and rye whiskies, vodka, gin and neutral spirits.

Recommended Stories

Dividend History for MGP Ingredients (NASDAQ:MGPI)

Receive News & Ratings for MGP Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MGP Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.